
Crypto Investment Entry and Exit Strategies of Institutional Investors
Section: Business
The European Union has officially implemented new regulations governing the use of Artificial Intelligence (AI) as of February 2, 2025. This legislation, known as the AI Act, marks a significant milestone as the first cross-border legal framework aimed at addressing the challenges and risks associated with AI technologies.
One of the key provisions of the AI Act is the prohibition of AI systems that engage in social scoring, a controversial practice that categorizes individuals based on their behavior, similar to systems currently in place in China. Such social evaluations, which can lead to rewards or penalties, are expressly barred within the EU. Furthermore, the legislation explicitly bans emotion recognition technologies in workplaces and educational institutions.
In addition to these measures, the deployment of facial recognition technology in public spaces, particularly through surveillance systems, is largely forbidden. However, there are specific exceptions that allow law enforcement agencies to utilize facial recognition in the pursuit of serious crimes such as human trafficking and terrorism.
As part of the new regulations, companies involved in the development or application of AI must assess their systems based on risk levels and implement appropriate strategies to comply with legal standards. The EU Commission emphasizes that the primary goal of these regulations is to safeguard consumer rights while ensuring that AI is used responsibly and ethically.
Moreover, entities responsible for AI systems are now required to guarantee that all personnel engaged in the development and operation of these technologies possess adequate AI competencies. This initiative aims to foster a skilled workforce capable of navigating the complexities of AI.
Digital Minister Volker Wissing highlighted the potential advantages of AI, noting that it can enhance efficiency, drive growth, and contribute to economic stability. However, he also acknowledged the inherent risks associated with emerging technologies, underscoring the importance of regulation and governmental oversight to cultivate public trust in AI initiatives developed within the EU.
The AI Act represents a crucial step towards establishing a structured approach to AI governance, balancing innovation with ethical considerations and public safety.
Section: Business
Section: Arts
Section: Arts
Section: Business
Section: Business
Section: Arts
Section: Health
Section: Arts
Section: News
Section: News
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
One of the most beautiful squares transforms into a summer stage every year for two days. The Gärtnerplatz Open-Air features a free music and cultural program across three stages, as well as street food from local vendors. On Saturday, the main stage at Gärtnerplatz offers something for everyone,...
No comments yet. Be the first to comment!