Balancing AI #Innovation and #Regulation ⚖️

"A central flaw in the final EU #AIact adopted last year is its failure to incorporate a proper risk/benefit analysis – a crucial component of any genuine #RiskBased #AI regulation," stresses @BChampris.

➡️ https://project-disco.org/european-union/balancing-ai-innovation-and-regulation-a-risk-based-approach/

Balancing AI Innovation and Regulation: Why the EU (Still) Needs a True Risk-Based Approach - Disruptive Competition Project

The EU’s AI Act is the first global policy framework to regulate AI comprehensively, aiming to ensure AI systems are safe and trustworthy. It was originally supposed to introduce a risk-based approach, tailoring the strictness of rules to the risk level posed by certain AI applications. In reality, however, the agreed legal text suffers from shortcomings.

Disruptive Competition Project
@CCIAeurope perhaps because there are no benefits to the end consumers who pay for this, the only benefits go to the businesses that use it and the flicking hackers and advertisers who abuse it!