The European Union's Artificial Intelligence Act has set a significant precedent as the first comprehensive law aimed at managing AI risks globally, demonstrating a proactive approach to regulation.
AI's dual nature presents both opportunities for economic growth and serious risks, necessitating a balance between innovation and safeguarding public interests through effective regulations.
Regulatory frameworks, like the EU's AI Act, are essential to address potential misuse of AI technologies, ensuring they serve humanity positively without infringing on rights or privacy.
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