The EU Artificial Intelligence Act

The European Commission introduced a proposal in April 2021 to regulate artificial intelligence (AI) in a 108-page document, aiming to establish a “well-functioning internal market for artificial intelligence systems” that is grounded in “EU values and fundamental rights.” This is the first major attempt by the European Union to comprehensively regulate AI systems and could potentially have
an impact beyond the EU.

This whitepaper discusses the pivotal advancements that focus on fostering trust among
organizations and data subjects by implementing rules for data use. The Artificial Intelligence Act
of the European Union is set to establish some ground rules for the next generation upliftment
when it comes to effective data re-usage by promoting data altruism and captivating a risk-based
framework for safeguarding the interests of the stakeholders.

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