Source: Modern Diplomacy

This Modern Diplomacy article critically examines the European Union’s AI Act and its potential to establish a "Brussels Effect 2.0," where EU regulations set global standards. The article explores whether the AI Act, aimed at ensuring ethical and transparent AI, can achieve legitimacy beyond Europe.

The analysis focuses on the Act’s provisions for high-risk AI systems, mandatory compliance requirements, and penalties for non-compliance. Critics argue that the legislation could stifle innovation and impose undue burdens on smaller enterprises. Proponents emphasize its role in promoting trust and accountability in AI development.

The piece concludes that while the EU AI Act represents a bold regulatory step, its global impact will depend on international cooperation and the willingness of non-EU states to align with its principles.