The EU's Artificial Intelligence Act, adopted in 2024, establishes a risk-based regulatory framework for AI systems, prohibiting unacceptable risks (e.g., social scoring), imposing strict requirements on high-risk applications (e.g., recruitment, law enforcement), and promoting innovation through sandboxes for low-risk AI.
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Answer: True
The AI Act is the world's first comprehensive AI law. It balances innovation and fundamental rights: banning manipulative AI, ensuring transparency in chatbots, and requiring human oversight for critical decisions. By setting global standards, it influences AI governance worldwide while fostering trustworthy European AI ecosystems.