The Artificial Intelligence Act (AI Act) is a regulation by the European Union to create a common legal framework for AI within the EU.
It covers all types of AI with exceptions for military, national security, and non-professional purposes.
The Act classifies AI applications into different risk categories like unacceptable, high, limited, and minimal risks.
It establishes obligations for high-risk applications including security, transparency, and quality assessments.
General-purpose AI systems like ChatGPT are subject to transparency requirements and evaluations for high-capability models.
There are exemptions for AI systems used for military, national security, and scientific research purposes.
The Act also prohibits certain AI applications like real-time algorithmic video surveillance for social scoring.
New institutions are established to implement and enforce the AI Act.
Source: https://en.wikipedia.org/wiki/Artificial_Intelligence_Act
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