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Significance The Act takes a risk-based approach to AI regulation, with a focus on protecting the fundamental rights of EU citizens, and will be influential outside the EU as the first comprehensive AI legislation in a democratic jurisdiction. Impacts Uneven capabilities at the member-state level will lead to ‘regulator shopping’ by some AI firms. The cost of regulatory compliance will not be trivial. The June European Parliament election will not affect the direction of the EU’s AI regulatory framework.
A Fri, study studied this question.