The EU's most famous tech export, the data protection regulation, is copied everywhere from California to India.
Most developed countries agree that the approach the EU has taken is one that targets the riskiest artificial intelligence. It could be a template for other countries if Europeans can create a way to regulate technology.
The Center for Artificial Intelligence and Digital Policy says that US companies will raise their standards for transparency and accountability when they comply with the EU Act.
The bill is being watched by the Biden administration. The US is home to some of the world's biggest artificial intelligence labs, such as those at Google and Meta, and the White House wants to know how any regulation might apply to them. For now, influential US government figures such as National Security advisor Jake Sullivan, Secretary of Commerce Gina Raimondo, and the head of the White House's artificial intelligence effort, have welcomed Europe's effort to regulate the technology.
At the time people in the US said that the internet would end, eclipse the sun, and end life on the planet as we know it, this is a sharp contrast to how the US viewed the development ofGDPR.
There are good reasons for the US to welcome the legislation. It's very anxious about China's growing influence in tech. Retaining Western dominance of tech is a matter of whether democratic values prevail. It wants to keep the EU close.
Some of the bill's requirements are not feasible at the moment. The first draft of the bill requires that data sets be free of errors and that humans be able to fully understand how artificial intelligence works. It would take thousands of hours of work to verify that the data sets used to train the artificial intelligence systems are error free. The creators of neural networks don't fully understand how they arrive at their conclusions.
Tech companies are not comfortable with the requirement to give external auditors access to their source code in order to enforce the law.
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