• About Us
  • Careers
  • Contact
No Result
View All Result
Sunday, July 27, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

EU Parliament Passes A.I. Act, Sets Stage for Comprehensive AI Regulation

14 June 2023
in Latest News, News
Reading Time: 3 mins read
104 4
EU Parliament Passes A.I. Act, Sets Stage for Comprehensive AI Regulation

Source: euractiv.com

The European Union (EU) has taken a significant step towards regulating artificial intelligence (AI) with the passage of the draft legislation known as the A.I. Act by the European Parliament. 

This milestone bill, which aims to impose limitations on risky AI applications, could serve as a model for legislators worldwide grappling with the challenges of this rapidly evolving technology.

While the vote is just one phase in the broader procedure, the final form of the law is expected to be passed later this year. Compared to the United States and other major Western governments, the EU has made significant progress in AI regulation, engaging in discussions on the matter for over two years—the urgency to address AI’s societal and employment impacts heightened after the launch of technologies like ChatGPT.

Despite this progress, the effectiveness of AI regulation remains uncertain as policymakers have always found it difficult to keep up with the rapid advancements in technology. Earlier drafts of the EU regulation did not adequately address generative AI systems like ChatGPT, which can generate text, images, and videos. 

However, in the recent version of the legislation passed on June 14, 2023, new transparency standards for generative AI were included. These standards require creators to provide summaries of protected content used to train the system. 

The EU law adopted a “risk-based” approach and focused on AI applications with the potential to harm humans, such as those used in the legal system, justice administration, and determining eligibility for public services. Creators of AI technology must undergo a risk evaluation process similar to the approval process for medicines, ensuring adequate assessments to address potential risks before widespread deployment.

The European Parliament has voted to prohibit the use of live facial recognition technology, though discussions continue regarding potential exceptions for national security and law enforcement purposes. It also compels chatbot creators, such as those behind ChatGPT, to provide more information about the data used in developing their software. These measures aim to enhance transparency and accountability in AI applications.

Following the vote, the final version of the bill will be negotiated among the three branches of the European Union—the European Parliament, the European Commission, and the Council of the European Union. The aim is to reach a final agreement before year-end, solidifying the EU’s global leadership in AI regulation.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: AIAI RegulationEU
Share63Tweet40Share11
Durotimi Aribisala

Durotimi Aribisala

Durotimi is a writer who is interested in writing about emerging technologies such as blockchain, Web3, crypto, and AI. He studied business administration and management. He desires to be an entrepreneur and movie director sometime in the future.

Related Posts

source: azfamily.com
Crime

Arizona Influencer Jailed for Aiding North Korean IT Workers in Massive Remote Job Fraud

25 July 2025
source: thenew.money
Ethereum

BitMine Overtakes Rivals with $2 Billion Ether Buying Spree

25 July 2025
source: mashable.com
Crypto

Bybit Partners with Crypto Tax Calculator to Streamline Global Crypto Tax Compliance

25 July 2025
source: claudiasanchezrealestate.com
Business

Christie’s Real Estate Launches Crypto Division to Meet Surging Demand for Property Purchases with Digital Assets

25 July 2025

Featured Posts

What is a Crypto Order Book and How Does it Work?

What is a Crypto Order Book and How Does it Work?

byOlayinka Sodiq
14 July 2025
0

Elon Musk's xAI Colossus: What It Is and Why It’s a Big Deal?

Elon Musk’s xAI Colossus: What It Is and Why It’s a Big Deal?

byOlayinka Sodiqand1 others
12 July 2025
0

Is AI the Future of Crypto Trading or a Threat to Market Stability?

Is AI the Future of Crypto Trading or a Threat to Market Stability?

byOlajumoke Oyaleke
7 July 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 4)

2 days ago

Your Weekend Crypto Roundup | July 2025 (Week 3)

1 week ago

Account Abstraction Adoption: Are Users Ready for Smart Wallets?

2 weeks ago

The Role of Real-World Assets (RWAs) in the Next DeFi Boom

2 weeks ago

Stablecoins in 2025: Still Depegging or Finally Stable?

2 weeks ago

Your Weekend Crypto Roundup | July 2025 (Week 2)

2 weeks ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Pepeto Announces $5.5M Presale and Demo Trading Platform

bychainwire
25 July 2025
0

$75K in Rewards Announced for Valhalla’s First-Ever Tournament

bychainwire
25 July 2025
0

Bybit and Tether Launch Strategic Partnership to Accelerate Crypto Adoption in Brazil

bychainwire
25 July 2025
0

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

bychainwire
25 July 2025
0

BioSig Technologies and Streamex: Pioneering Real-World Asset Tokenization in the U.S. Market

bychainwire
25 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00