🚀 Exciting News! 🚀 The EU Parliament has given the green light to the AI Act, marking a historic milestone in #AI regulation worldwide! Here’s what you need to know:

🔹 The AI Act is the #first-ever legal framework on AI and will directly impact all EU member states.

🔹 Similar to the GDPR, the AI Act #extends its reach beyond EU borders, affecting countries like Switzerland.

🔹It places obligations on #producers and #providers of generative AI, tailoring requirements based on the level of risk associated with AI usage.

🔹 High-risk AI applications, such as those used in #education or training, will face stringent transparency requirements to protect individuals’ access and opportunities (e.g. scoring of exams).

🔹 The Act mandates #transparency in copyrighted materials used to train AI and in AI interactions, ensuring users are aware when they’re engaging with AI systems, including chatbots and AI-generated content.

🔹 Minimal-risk AI applications, like AI-powered video games, are #free to be used.

🔹 The countdown almost begins! Once published in the Official Journal, the AI Act will come into force in 20 days, becoming fully applicable in 2 years.

🔹 Swiss companies producing and exporting generative AI to the EU market will also need to comply with the AI Act’s regulations.


Stay tuned for more updates as we step into a new era of responsible AI governance! 🌐✨