What will the EU’s proposed act to regulate AI mean for consumers?

How does the bill define AI, how will it protect consumers from abuse, and what do the big tech companies think about it?

The European Union's proposed AI law was endorsed by the European parliament on Wednesday, and is a milestone in regulating the technology. The vote is an important step towards introducing the legislation.

It is now expected to be rubber stamped by a council of ministers, becoming law within weeks. However, the act will come into force in stages, with a cascade of deadlines for compliance over the next three years.