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Artificial intelligence (AI) is transforming society by automating routine tasks, enhancing efficiency and productivity. However, it also raises concerns about biases, privacy, and ethical issues. A recent survey indicates that while many see AI's benefits, a significant portion of the public feels anxious about its implications.
The EU AI Act represents a groundbreaking regulatory framework aimed at addressing these concerns by prohibiting certain high-risk AI systems. It mandates that organizations ensure their employees understand AI systems and their risks, fostering responsible use and compliance. This regulatory landscape is crucial for balancing innovation with public safety.
• 66% of people believe AI will significantly change their lives soon.
• The EU AI Act prohibits high-risk AI systems to protect fundamental rights.
AI literacy refers to the understanding of AI systems and their associated risks, which is essential for responsible deployment.
The EU AI Act is the first legal framework focused on regulating AI systems and their use.
Prohibited AI systems include those that pose unacceptable risks to fundamental rights, such as manipulative techniques.
Morgan Lewis is a law firm that provides insights on compliance with the EU AI Act and its implications for businesses.
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