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The EU’s AI Act, Explained | WSJ Tech News Briefing

EU Votes to Regulate AI, Industry Reactions Divided

The European Union’s Parliament voted to push forward draft legislation called the AI Act in order to put guardrails around the development and use of artificial intelligence (AI)
The regulations aim to address high-risk applications of AI such as facial recognition tools, predictive policing, and real-time biometrics surveillance
Industry reactions are mixed, with some calling for rules on AI while others believe that it could hinder innovation
Now representatives from the European Parliament, Commission, and EU Member States will meet to hash out what the final version of the legislation should be by the end of 2021.

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