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The word “risk” is often seen in the same sentence as “artificial intelligence” these days. While it is encouraging to see world leaders consider the potential problems of AI, along with its industrial and strategic benefits, we should remember that not all risks are equal.
On Wednesday, June 14, the European Parliament voted to approve its own draft proposal for the AI Act, a piece of legislation two years in the making, with the ambition of shaping global standards in the regulation of AI.
After a final stage of negotiations, to reconcile different drafts produced by the European Parliament, Commission and Council, the law should be approved before the end of the year. It will become the first legislation in the world dedicated to regulating AI in almost all sectors of society – although defence will be exempt.
Of all the ways one could approach AI regulation, it is worth noticing that this legislation is entirely framed around the notion of risk. It is not AI itself that is being regulated, but rather the way it is used in specific domains of society, each of which carries different potential problems. The four categories of risk, subject to different legal obligations, are: unacceptable, high, limited and minimal.
Systems deemed to pose a threat to...
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