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Alright, so what exactly is the **Artificial Intelligence Act**? Simply put, it's a proposed set of rules designed to govern the development, deployment, and use of AI within the European Union. The main goal? To make sure that AI benefits society as a whole while mitigating the risks. The EU knows that AI has the potential to be a game-changer, but also recognizes that it could lead to some serious problems if left unchecked. So, the act aims to strike a balance, fostering innovation while protecting fundamental rights. The act takes a risk-based approach, meaning that it categorizes AI systems based on the level of risk they pose. Some systems are considered high-risk and will face stricter requirements, while others are deemed low-risk and will have fewer restrictions. This way, the act isn't trying to stifle innovation altogether, it's just trying to make sure things stay safe.
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