CIPHER BRIEF REPORTING — Designed to drum up the world’s first AI rulebook, the European Union’s proposed Artificial Intelligence Act is a far-reaching legal framework aimed at strengthening Artificial Intelligence (AI) governance across a wide range of sectors, which has rivals watching as they consider their own versions.
Being first to write rules governing AI, experts say, will likely afford competitive advantages – particularly in the security space – and will help devise global standards and align markets along common values and priorities.
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