The proposal advances the Commission’s work over the last five years on developing the EU’s approach to AI. The EU seeks to become a global leader in responsibly developing and harnessing a potentially transformative technology. To that end, it has also assigned new funding to AI development.
- The EU's regulatory proposal has major gaps, notably in addressing the impact of AI systems on employment.
- The regulatory and compliance costs of AI developers and users in the EU are set to rise.
- Emerging markets will closely track the progress of the EU AI’s proposal as they develop their own policies.