Planned to come into effect in 2024.

Raises even more questions than GDPR.

Regulation is needed, but it seems the direction EU is going is misguided...

Official

Proposal for a Regulation laying down harmonised rules on artificial intelligence | Shaping Europe’s digital future

europa

https://digital-strategy.ec.europa/en/library/proposal-regulation-laying-down-harmonised-rules-artificial-intelligence

Resources

Why the EU’s Artificial Intelligence Act could harm innovation

information-age

https://www.information-age/why-the-eus-artificial-intelligence-act-could-harm-innovation-123500196/

"what could actually happen is a range of stringent legal regulations that both inhibit open-source development and further monopolise AI’s development with the large tech companies."

It seems the EU is aiming at regulating the sharing of AI (open-source), instead of its users (and usages) - risking to stiffle innovation.

Germany and the EU Artificial Intelligence Act – AICGS

aicgs

https://www.aicgs/2022/07/germany-and-the-eu-artificial-intelligence-act/

"The AIA focuses on the providers of AI services"
"It will likely cover AI systems in the United States, (similar to the GDPR) if the AI “output” is “used” in the EU."
"The proposed fines are very steep and even higher than the fines foreseen under the GDPR: up to 6 percent of the worldwide turnover of the violating company."