EU Parliament endorses AI Act to regulate AI risks
cnbc.com —
The European Union Parliament endorsed the groundbreaking EU AI Act with 523 votes in favor, 46 against, and 49 not cast. The act categorizes AI risks from "unacceptable" to low hazard, with implementation starting in 2025. The regulation aims to balance innovation and fundamental rights, positioning Europe as a global AI standard-setter. The EU seeks to compete with tech giants while regulating AI's impact on consumers and market competition.