Book

Description

In the swiftly evolving landscape of artificial intelligence (AI) governance, the European Union (EU) has emerged as a pioneer with the introduction of the EU AI Act. "Regulating AI in Europe" provides a formal, objective, and comprehensive examination of this pivotal legislation, dissecting its multifaceted dimensions and far-reaching implications. The first chapter, "The EU AI Act as Global Artificial Intelligence Regulation," conducts a meticulous analysis of the EU's role in influencing global AI governance. This section takes a cautious approach to explore the Act's extraterritorial applicability and its potential to establish international benchmarks for responsible AI implementation. It underscores the significance of global collaboration in shaping the future of AI regulation. Shifting focus to the banking sector, the second chapter, "The Impact of the European Union Artificial Intelligence Act on the Banking Sector: Individuals’ Fundamental Rights, Conflicts of Laws, and Brexit," delves into the specific challenges faced by financial institutions. The analysis remains objective and succinct, examining the Act's provisions concerning fundamental rights protection, jurisdictional complexities, and the ramifications of Brexit on AI regulation within the banking sphere. The final chapter, "The EU AI Act: A Comprehensive Regulatory Framework for Ethical AI Development," critically assesses the Act's role in fostering ethical AI development. This formal evaluation underscores the Act's contribution to aligning AI technologies with societal values and ethical principles, ensuring responsible innovation. "Regulating AI in Europe" is an essential resource for policymakers, legal experts, scholars, and stakeholders seeking a nuanced understanding of AI regulation within the EU and its global impact. It emphasizes the importance of continuous vigilance and dialogue in navigating the dynamic regulatory landscape shaped by the EU AI Act's principles. As society grapples with AI's ever-expanding influence, this book provides a measured and dispassionate exploration of the Act's challenges and opportunities, paving the way for responsible AI governance.