Tag: Risk Management

Europe’s Landmark AI Act Ushers in a Risk-Based Era As the European Union formally adopts Regulation (EU) 2024/1689—the world’s first comprehensive legal framework for artificial intelligence—the technology’s unchecked expansion faces its sternest test yet. This AI Act classifies systems by risk levels, from minimal-threat tools to “high-risk” applications like hiring algorithms or biometric identification, mandating…