EU Set to Ban Surveillance, Start Fines Under New AI Rules
- Firms could be fined as much as 4% of revenue for AI breaches
- Draft document of new EU rules obtained by Bloomberg
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The European Union is poised to ban artificial intelligence systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software applications.
The rules are part of legislation set to be proposed by the European Commission, the bloc’s executive body, according to a draft of the proposal obtained by Bloomberg. The details could change before the commission unveils the measure, which is expected to be as soon as next week.