• News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
Wednesday, October 8, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
  • News
  • Finance
  • StartUPs
  • TechTAINMENT
  • Guest Writer
  • Digital Assets
  • IndustryINFLUENCERS
  • Environment
  • Macro Monday
ADVERTISEMENT

The Artificial Intelligence Act and What it Means

The Artificial Intelligence Act and What it Means

Despite the many advantages of AI, it is thought that the technology has a sizable potential for both risks and rewards. A number of states are recognizing the necessity to assess the degree to which AI can influence human processes as technology becomes more and more interwoven into modern life. Such laws are now possible because of the EU AI Regulation Act.

The AI Act is a proposed law on artificial intelligence (AI) for Europe; it is the first law on AI from a significant regulator anywhere. Applications of AI are categorized into three risk groups by law. The first step is the outlawing of programs and frameworks that pose an unacceptable risk, such as China’s government-run social score systems. Second, there are special regulatory criteria that apply to high-risk applications, such as a tool that scans CVs and ranks job applicants. Lastly, applications that are not expressly forbidden or marked as high-risk are mainly unregulated.

The EU AI Act may become a global standard, determining if AI affects your life positively or negatively, wherever you may be, similar to the EU’s General Data Protection Regulation (GDPR) in 2018.

Understanding how artificial intelligence (AI) and other associated technological advancements can be used to meet Nigeria’s national goals and aid in the solution of a wide range of local issues, ranging from food security to healthcare, is necessary for the design of this AI policy.

Nigeria needs a strategy to minimize the risks of possible job displacements and, conversely, to direct ways in which young people can engage in the new AI economy because of its teeming youth population.

The proposed EU rule has a number of caveats and loopholes, according to the AI Act. These flaws restrict the Act’s capacity to guarantee that AI continues to improve your life. For instance, at the moment, police are not allowed to employ facial recognition software unless photographs are taken slowly or the technology is being used to locate missing children.

In addition, the law is inflexible. If, in two years’ time, a dangerous AI application is used in an unforeseen sector, the law provides no mechanism to label it as “high-risk”.

In any case, before any AI system is implemented in Nigeria, a human rights impact assessment must be performed.

0Shares

Joel Nwankwo

Joel Nwankwo

Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

Next Post
Liberalization, Export, Capital, Debt, Crypto, and the CBN’s FX Unification

Liberalization, Export, Capital, Debt, Crypto, and the CBN’s FX Unification

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • About
  • Advertise
  • Careers
  • Contact Us

© 2025 TECHECONOMY.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs

© 2025 TECHECONOMY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.