European union agrees to regulate AI development | CNN Business

CNN  — 

European Union lawmakers struck a deal Friday agreeing to one of the world’s first major comprehensive artificial intelligence laws.

The landmark legislation, called the AI Act, sets up a regulatory framework to promote the development of AI while addressing the risks associated with the rapidly evolving technology. The legislation bans harmful AI practices “considered to be a clear threat to people’s safety, livelihoods and rights.”

The law comes amid growing fears about the disruptive capabilities of artificial intelligence.

In a news conference, Roberta Metsola, the president of the European Parliament, called the

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