The European Union (EU) has made steady progress in shaping its proposed AI law, known as the “AI Act.” With the European Parliament approving its preferred version, the AI Act has now entered the final stage of the legislative process (a three-way negotiation, known as “trilogue”). The aim is to agree to a final version of the law by the end of 2023. The EU’s objective is to ensure that AI developed and utilized within Europe aligns with the region’s values and rights, including ensuring human oversight, safety, privacy, transparency, non-discrimination, and social and environmental well-being.
