What is the primary purpose of the EU AI Act?

The primary purpose of the EU AI Act is to regulate artificial intelligence and address potential harms associated with its use. This legislation aims to create a legal framework that ensures AI technologies are safe, transparent, and respect fundamental rights. By establishing risk-based classifications for different AI systems, the Act intends to safeguard users and society from risks such as bias, discrimination, or safety hazards that could arise from AI applications.

This regulatory approach is necessary because the rapid advancement of AI technologies can outpace existing legal and ethical frameworks. The EU AI Act aims to foster responsible innovation while mitigating risks, thus ensuring that AI can be developed and utilized in a way that aligns with European values and principles. It recognizes the need for oversight and accountability in AI deployment, prioritizing the well-being of individuals and society as a whole.

The other options do not accurately reflect the objectives of the EU AI Act, which is fundamentally about safe and ethical regulation rather than promotion without regulation, limitations on development, or isolation in system development.