Balancing AI Innovation and Regulation: Why the EU (Still) Needs a True Risk-Based Approach

The EU’s AI Act is the first global policy framework to regulate AI comprehensively, aiming to ensure AI systems are safe and trustworthy. It was originally supposed to introduce a risk-based approach, tailoring the strictness of rules to the risk level posed by certain AI applications. In reality, however, the agreed legal text suffers from shortcomings.