AI Breakthroughs- 16 March 2024

Unveiling Today's Latest Advancements of AI Across Various Industries & Countries

1)EU Approves Landmark AI Act:

The European Union has passed a controversial AI regulation act. This act aims to establish a legal framework for AI development and use, focusing on high-risk applications and mitigating potential risks like bias and discrimination.

2)India Scraps AI Model Launch Approval Plan:

India has reversed its proposed policy requiring approval before launching AI models. This move suggests a shift towards a less restrictive approach to AI development in the country.

3)OpenAI and UAE Team Up for AI Chip Development:

The United Arab Emirates has pledged to support OpenAI in its efforts to develop custom-designed chips specifically for artificial intelligence applications. This collaboration could lead to significant advancements in AI hardware.