Why should we regulate the use of artificial intelligence?

The potential benefits of artificial intelligence (#AI) for our societies are numerous—from better medical care to better education. Given the rapid technological development of #AI, the #EU is determined to act as one to make good use of these opportunities.

The #EU AI Act is the first comprehensive #AI legislation in the world. It aims to address risks to health, safety and fundamental rights. The regulation also protects democracy, the rule of law and the environment.

Although most AI systems involve little or no risk, some AI systems create risks that must be accounted for in order to avoid undesirable outcomes.

For example, the non-transparency of many algorithms can lead to uncertainty and hinder the effective implementation of existing safety and fundamental rights legislation. In response to these challenges, legislative action was needed to ensure a well-functioning internal market for AI systems where both benefits and risks are adequately considered.

This includes applications such as biometric identification systems or decisions made by AI that affect important personal interests, for example in employment, education, healthcare or law enforcement.

In front of 500 guests, dr. Galia Mancheva, shared the latest news regarding the regulation of artificial intelligence by the EU

On April 19th, 2024, dr. Galia Mancheva – the CEO of Ai advy, took part at the the only workshop of its kind by entrepreneurs for entrepreneurs.

Dr. Mancheva has attended the discussion panel “Products and services of the future. Innovations and automation in business development”, sharing the latest news on EU AI act.

Watch the panel discussion: https://www.youtube.com/watch?v=IM7vsZXh4Fc

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