AI Glossary
AI Act
What is AI Act?
The European Union's Artificial Intelligence Act — the world's first comprehensive legal framework for AI. It classifies AI systems by risk level (minimal, limited, high, unacceptable) and sets obligations for developers and deployers of AI operating in the EU.
Example in practice
A compliance officer at a bank deploying an AI credit-scoring model would need to classify it as high-risk under the AI Act and document its risk management procedures before EU deployment.
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