EU ‘historic’ deal: What does the world’s first law on regulating AI propose?

News Snapshot:

“Deal!” tweeted European Commissioner Thierry Breton just before midnight Friday (December 8) in Brussels. “The EU becomes the very first continent to set clear rules for the use of AI,” Breton declared on social media after officials reached a provisional deal on the world’s first set of comprehensive laws to regulate the use of artificial intelligence (AI) after a marathon 37-hour negotiation between the European Parliament and the EU member states. The European Parliament will now vote on the proposed AI Act early next year, and a legislation is likely to come into force by 2025. The European Union’s legislative...