What are the main goals of the EU AI Act?
An example of an AI chatbot conversation about the objectives of the EU AI Act.
What are the main goals of the EU AI Act?
The EU AI Act aims to ensure that AI systems are safe, ethical, and respect fundamental rights.
How does it ensure safety in AI systems?
It establishes risk-based categories for AI systems, imposing stricter requirements on high-risk applications.
What are the penalties for non-compliance?
Penalties can reach up to 6% of a company's global annual turnover or €30 million, whichever is higher.
Does it apply to all AI technologies?
Not all; it primarily targets high-risk AI systems, while lower-risk applications have lighter regulations.
When is the EU AI Act expected to be implemented?
The Act is expected to be fully implemented by 2024, following a transitional period for compliance.
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