The European Union's AI Act is more comprehensive than the US' voluntary approach and China's focus on social stability and control.
Strict transparency obligations are imposed on high-risk AI systems, while requirements for general-purpose AI models are lighter.
The new legislation's impact extends beyond the EU, affecting companies globally that use EU customer data.
Europe's AI Act emphasizes the importance of trust, transparency, and accountability, aiming to foster innovation while ensuring responsible AI use.
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