What are the main points of the EU AI Act?
An example of an AI chatbot conversation about the key aspects of the EU AI Act.
What are the main points of the EU AI Act?
The EU AI Act aims to regulate artificial intelligence in the EU, focusing on risk-based categories, transparency, and accountability.
What are the risk categories mentioned in the Act?
The Act categorizes AI systems into four risk levels: minimal, limited, high, and unacceptable risk, each with different requirements.
How does the Act ensure transparency in AI systems?
It mandates that AI systems provide clear information about their capabilities and limitations, ensuring users understand their use.
What penalties are there for non-compliance?
Non-compliance can lead to hefty fines, up to 6% of a company's global annual revenue, depending on the severity of the violation.
When is the EU AI Act expected to come into effect?
The Act is expected to be fully implemented by 2024, following a transitional period for companies to adapt.
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