The stupid Europeans again! Why does the EU want to hamstrung AI in its still very early, nascent stage!
Big government at work!
One of Ronald Reagan's related famous quote: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
"As of Sunday [2/2/2025] in the European Union, the bloc’s regulators can ban the use of AI systems they deem to pose “unacceptable risk” or harm.
February 2 is the first compliance deadline for the EU’s AI Act, the comprehensive AI regulatory framework that the European Parliament finally approved last March after years of development. The act officially went into force August 1; what’s now following is the first of the compliance deadlines.
The specifics are set out in Article 5, but broadly, the Act is designed to cover a myriad of use cases where AI might appear and interact with individuals, from consumer applications through to physical environments.
Under the bloc’s approach, there are four broad risk levels:
(1) Minimal risk (e.g., email spam filters) will face no regulatory oversight;
(2) limited risk, which includes customer service chatbots, will have a light-touch regulatory oversight;
(3) high risk — AI for healthcare recommendations is one example — will face heavy regulatory oversight; and
(4) unacceptable risk applications — the focus of this month’s compliance requirements — will be prohibited entirely. ..."
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