EU Likely to Reach Political Agreement on AI Law This Year, Says Tech Regulator Chief Vestager
The European Union is likely to reach a political agreement this year that will pave the way for the world's first major artificial intelligence ( AI ) law, the bloc's tech regulation chief Margrethe Vestager said on Sunday. This follows a preliminary deal reached on Thursday by members of the European Parliament to push through the draft of the EU's Artificial Intelligence Act to a vote by a committee of lawmakers on May 11. Parliament will then thrash out the bill's final details with EU member states and the European Commission before it becomes law. At a press conference after a Group of Seven digital ministers' meeting in Takasaki, Japan, Vestager said the EU AI Act was "pro-innovation" since it seeks to mitigate the risks of societal damage from emerging technologies. Regulators around the world have been trying to find a balance where governments could develop "guardrails" on emerging artificial intelligence technology without stifling