As of February 2, 2024, the European Union's regulators can prohibit AI systems classified as posing "unacceptable risk" under the new AI Act. This regulatory framework aims to safeguard individuals from harmful AI applications, categorizing risks into four levels: minimal, limited, high, and unacceptable. Notable activities banned include AI used for social scoring, deceptive decision-making, exploiting vulnerabilities, and non-consensual biometric data collection. Non-compliance with these regulations can result in substantial fines for companies operating within the EU.
The EU's AI Act empowers regulators to ban AI systems deemed to present 'unacceptable risk,' marking a significant step in AI governance across the bloc.
The Act, effective as of August 1, categorizes AI into four risk levels, with unacceptable risk applications facing an outright ban and substantial penalties.
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