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The European Commission’s proposed AI Act follows a risk-based approach and seeks to address potential AI issues posed by AI by applying certain mandatory compliance requirements and four risk categories: Unacceptable risk, high risk, limited risk and minimal risk
Does it prevent facebook from making these inferences that they make about us? >> yes. that law forbids facebook from making these inferences without explicit consent. >> reporter: failure to comply could be costly for a big company like facebook. european data regulators can impose a fine of up to 4% of its global annual revenue. based on 2017 figures, that means facebook could face a penalty topping $1.6 billion each time it runs afoul of the new law. in a statement facebook's chief privacy officer said the company has, quote, introduced better tools for people to access, download and delete...