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Europe Pioneers AI Governance with Its AI Act
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This story was originally published on HackerNoon at: https://hackernoon.com/europe-pioneers-ai-governance-with-its-ai-act.
Witness the EU's historic achievement with the provisional AI Act, setting a global benchmark for AI governance that balances innovation and citizen protection.
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The European Union (EU) achieves a provisional milestone agreement on AI governance rules after years of negotiations. The AI Act, focusing on eight key elements, including high-risk AI systems and prohibited practices, aims to strike a balance between fostering innovation and protecting citizens' rights. Non-compliance penalties range from £7.5 million to £35 million. The EU positions itself as a global benchmark in AI governance, providing flexibility for future adaptations.
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