What is the EU AI Act?
An example of an AI chatbot conversation about the EU AI Act and its implications.
What is the EU AI Act?
The EU AI Act is a proposed regulation by the European Commission aimed at ensuring the safe and ethical use of AI in the EU.
What are the main objectives of the EU AI Act?
The main objectives include promoting trustworthy AI, ensuring safety, and protecting fundamental rights.
How will this act affect AI developers?
AI developers will need to comply with specific requirements, including risk assessments and transparency obligations.
Are there penalties for non-compliance?
Yes, non-compliance can lead to significant fines, potentially up to 6% of a company's global annual revenue.
When is the EU AI Act expected to be implemented?
The timeline for implementation is still being finalized, but it is expected to be enforced in the coming years.
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