The passage is a landmark in the conversation around AI regulation. The act creates tiers of risks and requirements for how AI technologies within each category need to be operated. It also requires human oversight and data governance of systems, as well as technical documentation of how those systems work so they can be understood.
With the final step that will take place in council soon, the law will become a law of the European Union - the first regulation in the world that is putting a clear path towards a safe and human-centric development of AI.
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