On March 13, local time, the European Union (EU) passed the world’s first AI regulatory law in the European Parliament. Roberta Metsola, president of the European Parliament, stated, “This is a pioneering law that will foster innovation while protecting fundamental human rights.” The law is set to take effect in stages starting early next year and is anticipated to significantly influence the development and application of AI technology globally.

  The core of the legislation is its tiered regulatory approach, which classifies AI applications based on its potential risks, imposing varying degrees of regulation. High-risk applications, such as those used in healthcare, education, and public services, will require human oversight and a risk management system. The use of real-time remote biometric identification systems is essentially banned, except under conditional use, such as for preventing serious crimes with prior court approval. Social scoring, which assigns scores based on personal characteristics or behavior, is also prohibited.

  The regulation addresses concerns over the misuse of generative AI, like ChatGPT, mandating companies developing high-intelligence AI to comply with EU copyright laws and disclose the content used in the learning process. However, this requirement for content disclosure could be seen as a deterrent for tech companies considering entering the European market, as it could potentially involve trade secrets. Violations of these regulations could result in fines ranging from 1.5% to 7% of a company’s global revenue.

  Among AI experts, there are concerns that the regulation could stifle technological innovation, questioning its effectiveness given the rapid pace of technological advancement. CNBC quoted experts suggesting that the EU’s AI regulations could quickly become outdated, considering the speed at which global tech giants are developing and launching AI services, potentially complicating the debates around AI further. 

  However, some view the EU’s AI regulation positively, as it could serve as a model for international AI legislation, attempting to find a balance between technological advancement and social responsibility. Yet, there is a call for deeper contemplation and dialogue on how to ensure technological progress without compromising social values and safety. A wise approach is required to maximize the potential of AI technology while minimizing its adverse effects.