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Industry Comment:
What Does the EU’s AI Act Mean for its Development?

Allison Karavos
March 21, 2024

The European Union (EU) passed landmark artificial intelligence (AI) legislation setting the tone for future regulations across the Western world. The law makes the EU the second major bloc after China to legislate for mitigating the impacts of AI’s rapid development.

The law, when passed, will require “high-risk” AIs (including generative AI products like Open AI’s ChatGPT and Dall.E and Google‘s Gemini) to pass tests over bias, accuracy and transparency, as well as impose a myriad of regulations for smaller and less sensitive AIs.

The Verdict tapped industry experts, including our own David Mirfield, Vice President of Product Management, for their perspectives on the implications of the legislation on the future of AI development.

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