The EU’s AI Act serves as a regulatory response to irresponsible practices within the technology sector, asserting the need for ethical AI due to past misconduct from certain companies. This legislation categorizes AI systems into four risk levels, imposing stringent accountability requirements particularly on high-risk applications. While the EU AI Act aims to promote trustworthy AI, it presents challenges, especially for smaller enterprises concerned about compliance costs possibly stifling innovation. By embracing these regulations, companies can enhance their standing in ethical AI and ensure a balanced future where technology operates for the benefit of society.
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