European Union plan comprehensive global template for regulating artificial intelligence (AI).

Policymakers in the European Union plan to present the first comprehensive global template for regulating artificial intelligence (AI). Officials have concerns that the technology carries serious risks.

European Union plan comprehensive global template for regulating artificial intelligence (AI).

It all started in 2019, when a well-known entrepreneur criticized an Apple credit card as “sexist” for offering his wife a credit line 20 times smaller than his. the businessman emphasized that artificial intelligence algorithms, which are now widely used for making credit decisions, are to blame for this.

Experts believe that the impact of the new law, if adopted by the European Union, will be impossible to overestimate. Strict rules could be put in place for how AI is used to filter job applications, university applications, or assess the solvency of potential borrowers. EU officials hope the restrictions will prevent discrimination.

“The risks associated with AI, especially when applied in certain circumstances, are real, significant and already present,” the expert told The Guardian.

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