The European Union's AI Act, now in effect, marks a significant milestone in the global effort to regulate artificial intelligence. Enacted on August 1, the AI Act is the first of its kind, introducing comprehensive regulations based on the risk posed by AI systems. This legislation categorizes AI applications into four risk levels: no risk, minimal risk, high risk, and prohibited, aiming to mitigate potential hazards while fostering innovation.
The AI Act mandates transparency and accountability from companies using AI. High-risk AI systems, such as those involved in biometric data collection or critical infrastructure, face the strictest regulations. Notably, AI practices that manipulate user decision-making or expand facial recognition databases through internet scraping are banned starting February 2025. This pioneering regulation is expected to influence AI policies globally, setting a precedent for how technology can be safely integrated into society.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.