EU’s Artificial Intelligence Act: The Start of a New Global AI Governance.

It was just recently that the European Union set into law the Artificial Intelligence Act, setting a wide legal framework over the development and deployment of AI. This is a new global standard for responsible practices in AI, with big implications for online entrepreneurs, copywriters, content writers, and educators operating within the EU.Key takeaways from the EU’s AI laws:AI-generated content shall be transparent and disclosed.AIs used in education should ensure data security, non-discrimination, and transparency. All online businesses run on AI will be under strict obligations concerning data quality, human intervention, and liability. The new EU AI laws will create a ripple effect beyond the continent and impact how AI is developed and deployed, as well as how it is governed worldwide. The implications which the rest of the world face include:Multinational corporations would have to adapt to the new standards, therefore probably leading to a globally responsible development and deployment of AI.There could be a split in global AI standards, and countries such as China would likely respond to the EU regulations by doubling down to make their AI governance frameworks even tighter.Uniformity in AI governance where regions such as Africa and Latin America may adopt similar AI laws to that of the EU in order for them to remain competitive and maintain trade relations.What is crystal clear in this new age of technological change is that accountability, transparency, and responsible innovation have taken giant leaps forward due to the AI laws at the EU. Be in the know in advance and sail through the AI landscape with absolute confidence. Keep reading our blog for expert insights on in-depth analysis of the impact which the AI law of EU would have on technology and entrepreneurship across the world.