The European Parliament is scheduled to vote on the EU Artificial Intelligence Act on March 13

ChainCatcher news, according to Caixin, the EU is about to pass comprehensive and stringent artificial intelligence regulations. The European Parliament is scheduled to vote on this legislation on March 13, and one member stated that he expects the legislation to pass easily.

According to the current timeline, the law will come into effect in 2026, with some provisions taking effect this year. The law will regulate different uses of artificial intelligence based on risk, including bans on certain use cases, such as "emotion recognition" systems in the workplace, which will face the highest fines: 7% of global revenue or 35 million euros, whichever is higher. The EU will not be the first jurisdiction to regulate artificial intelligence, but the scale of the European market means that the EU AI Act will have a global impact.