🚨 BREAKING: South Korea is the world's SECOND country to enact a comprehensive AI law - and it's heavily inspired by the EU AI Act! Is the Brussels effect already happening? [HINT: YES] Here's what you need to know: ➡️ South Korea's AI law is called "Basic Law on AI Development and Trust-Based Establishment" and it was approved today by its national parliament with 260 votes in favor, 1 against, and 3 abstentions. ➡️ These are some of the main characteristics of the new law, according to the official summary: → It defines AI, high-impact AI, generative AI, AI ethics, and AI business operators (Article 2); → AI business operators who provide products or services using high-impact AI or generative AI must notify users of such fact in advance, and when providing generative AI or products or services using such, must indicate the fact that the results were generated by generative AI, and when providing virtual results that are difficult to distinguish from reality using an AI system, must notify or indicate such fact so that users can clearly see it (Article 31). → AI business operators must implement matters such as risk identification, assessment, and mitigation to ensure the safety of AI systems where the cumulative computational amount used for learning exceeds the standard prescribed by Presidential Decree (Article 32). → AI business operators must implement measures to ensure safety and reliability when providing high-impact AI or products or services utilizing such systems (Article 34). → If the Minister of Science and ICT discovers or suspects a violation of the law, he or she may request the AI business operator to submit materials or have his or her public officials conduct the necessary investigation, and if he or she determines that a violation has occurred, he or she may order necessary measures to stop or correct the violation (Article 40). ➡️ Among the main similarities with the EU AI Act, I would highlight: → The risk-based approach (with stricter obligations for high-risk/high-impact AI systems); → Focus on ethical guidelines/trustworthy AI; → Protection of fundamental rights; → Transparency obligations (e.g., in the context of deepfakes, anthropomorphism, similar to Article 50 of the EU AI Act); → Provisions on standardization; → The establishment of oversight bodies and procedures. ➡️ My take: yes, the Brussels effect is, in fact, happening. We should expect more countries to follow suit in 2025. 👉 AI regulation will be absolutely 🔥 in 2025. NEVER MISS my insights: join 43,300+ readers who subscribe to my AI newsletter (link below).