ARTIFICIAL INTELLIGENCE IN THE EUROPEAN UNION. LEGISLATIVE BENEFITS AND CHALLENGES OF NON-COMPLIANCE
ARTIFICIAL INTELLIGENCE IN THE EUROPEAN UNION. LEGISLATIVE BENEFITS AND CHALLENGES OF NON-COMPLIANCE

Summary/Abstract: The legislative benefits of artificial intelligence (AI) are multifaceted, driving innovation and economic growth while safeguarding citizens' rights. Clear regulations foster a trustworthy environment for investments, facilitating job creation and enhanced efficiency across various sectors, such as healthcare and education. For instance, AI can improve medical diagnostics through advanced data analysis, leading to the discovery of new treatments. The General Data Protection Regulation (GDPR) exemplifies the EU's commitment to protecting personal data, thereby boosting public trust in technology. Furthermore, legislation promotes ethical AI solutions, addressing social and moral implications to prevent abuses. Standardization and interoperability enhance international collaboration and efficiency among AI systems. However, non-compliance with these regulations poses significant risks, including security breaches, discrimination, and severe legal consequences. Organizations face substantial fines for violating laws like GDPR, which can reach up to 4% of global annual revenue. This uncertainty may hinder innovation and complicate international partnerships. Ultimately, while the European AI regulatory framework presents substantial opportunities for economic and social advancement, it is crucial that stakeholders adhere to these standards to ensure ethical and responsible use of AI, safeguarding fundamental rights and fostering sustainable development in society.

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