EU’s new AI act seeks to curb dangers while harnessing potential [Video]

A major provision of the European Union’s AI Act is set to take effect on Sunday. The legislation will ban the use of artificial intelligence systems deemed to carry an unacceptable level of risk. 

Under the EU’s AI Act, some applications – like certain biometric categorization tools – will be banned. Failure to comply could result in fines of up to 7 percent of annual turnover. 

Systems deemed to be high-risk include critical infrastructure such as transportation that could put lives in danger, the use of AI to filter CVs in job applications and its use in law enforcement to process evidence.

“These AI systems, they can still be put on the market but the makers need to make sure that their systems comply with some requirements that are in the Act and they need to either self-certify or get a third party to certify that they’re in compliance with …