AI Might Take Over The World But Are Nations Prepared? Have A Look At Countries That Have Estab

The use of Artificial Intelligence (AI) has been increasing across the globe with each day that passes. The use of AI these days has made headlines for both right and wrong reasons. On one hand, there are companies that are trying to employ AI for the right reasons and to help mankind and on the other hand, there are people who are using it to disrupt the lives of others. With both sides being in the frame, some guidelines, laws or regulations are needed to keep the people safe.

Google once said, “AI is too important not to regulate, and too important not to regulate well.” Few nations have started early and have tried to form some regulations regarding AI and its use. Are you aware of which nations are leading this race and what regulations have they brought? We will dive into this today and understand the regulations that they have introduced for the safety of citizens.

European Union Regulations On AI

The comprehensive AI Act received a favourable vote from the EU Parliament on March 13 this year. This Act is likely to be enforced in the next few months, however, there will be a 2-year grace period meaning that it will be fully applicable around June 2026. The AI Act is a comprehensive regulation aimed at ensuring responsible and fair use of AI in the market. Contrary to misconceptions, it isn’t designed to be an ‘AI-Killer’ but rather to establish safeguards for decision-making processes involving AI systems. The said Act basically attempts to introduce: due diligence obligations in the development of the AI system from the outset, mechanisms to verify the correctness of the decision, and avenues to hold individuals accountable if the decision is found to be incorrect.

This Act classifies AI systems into three different risk categories, namely — Minimal, High, and Unacceptable Risks. This classification is done on the basis of their potential impact on users and society. Notably, the AI systems classified as ‘High-Risk’ are subject to more stringent measures and the AI systems classified as ‘Unacceptable Risk’ are prohibited.