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‘A means, not an end’: EU proposes ‘human centric’ approach to AI regulation in draft rules
The European Commission has proposed regulations on the use of artificial intelligence (AI) through a risk-based rules framework that calls for heavy fines, partial bans on surveillance, and safeguards for high-risk applications.
Companies breaching regulations banning the use of ‘unacceptable’ AI or not adhering to a number of “strict obligations” could face fines as much as 6% of their worldwide turnover, or €30 million (whichever is higher) under the draft rules announced by Brussels on Wednesday.
“AI is a means, not an end. It has been around for decades but has reached new capacities fuelled by computing power. This offers immense potential in areas as diverse as health, transport, energy, agriculture, tourism or cyber security. It also presents a number of risks,” the commissioner for internal market, Thierry Breton, said.
Breton said the proposals were aimed at strengthening Europe’s position as “global hub of experience in AI from the lab to the market,” as well as ensuring the AI in Europe “respects our values and rules.”