The European Parliament is scheduled to vote on the EU Artificial Intelligence Act legislation on Ma

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The European Union is set to enact stringent regulations on artificial intelligence, marking a significant step in the global governance of AI. The European Parliament is poised to vote on the legislation on March 13th, and it is anticipated to pass with ease. The new law is set to come into force in 2026, with certain provisions taking effect this year.

Under the new regulations, different AI applications will be governed based on their level of risk, with some use cases being outright banned. For instance, "emotional recognition" systems in the workplace will be prohibited and could incur hefty fines of up to 7% of global revenue or 35 million euros, whichever is higher. While the EU is not the first jurisdiction to regulate AI, the sheer size and influence of the European market mean that the impact of the "EU Artificial Intelligence Act" will be felt worldwide. This move underscores the EU's commitment to ensuring AI is developed and deployed in a responsible and ethical manner.

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