Strict Regulations for the use of Artificial Intelligence in European Union
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Strict regulations for the use of Artificial Intelligence in the European Union have been proposed. It will be the first of its kind policy to outline how companies and governments can use the technology.

The proposed policy will set limits on the use of artificial intelligence in a number of activities ranging from self-driving cars, hiring decisions, school enrollment selection, and scoring in exams. It will also cover the artificial technology used by law enforcement agencies and court systems. These some of the areas considered to be more vulnerable as they can end up threatening people’s safety and fundamental rights.

The new proposed law might see the end of using facial recognition systems in public spaces. There may be a few exemptions though for national security and other purposes.

Companies like Amazon, Google, Facebook, and Microsoft might be affected by the new laws, as millions of dollars have been invested by them in developing the technology. Health care, insurance, and finance are the other sectors that will have implications for the new laws. Artificial intelligence is also used by governments in criminal justice and allocating public services.

The new laws may take years to formalize and implement, but companies failing to adhere to the law may end up with fines of up to 6 percent of global sales.

Artificial Intelligence has turned out to be a powerful technology and many fear computers taking over the power of humans to make decisions. It is the most transformative technology known to technologists, business leaders, and government officials across the world. Researchers fear the technology may maintain existing biases in society, invade privacy or create more automated jobs.

Margrethe Vestager, the European Commission executive vice president who oversees digital policy for the 27-nation bloc said – On artificial intelligence, trust is a must, not a nice to have. With these landmark rules, the E.U. is spearheading the development of new global norms to make sure A.I. can be trusted.

European Union, with this proposed law, is attempting to establish itself as a global watchdog when it comes to the tech industry. Earlier we have seen the bloc enact the data privacy regulations, the debate over additional antitrust and content moderation laws.

Back in Washington, the Federal Trade Commission has warned against the sale of artificial intelligence systems that use racially biased algorithms. This might lead to people deprived of employment, housing, credit, insurance, or other benefits.