Official EU announcements or company press releases

EU Introduces Landmark AI Act Impacting Tech Giants

Aug 11, 2024, 11:10 AM

The European Union has introduced the world's first major artificial intelligence (AI) law, known as the EU AI Act. This landmark legislation aims to establish a framework for the safe and trustworthy development of AI technologies. The act is expected to have significant implications for major technology companies, including Google, Microsoft, and Amazon. It provides comprehensive guidance on implementation through resources like the EU AI Act Green Guide. The legislation is designed to address risks associated with AI and ensure compliance with new standards, potentially affecting AI growth in regions such as the USA.