The European Union's new rules on AI are coming in today.

Hello, this is the Marketplace Morning Report and we're live from the BBC World Service.

I'm Leanna Byrne and a very good morning to you.

We've just been talking a lot about these new laws

the EU is bringing in on artificial intelligence. We've been talking about them for a

while but today is the day it comes into force. It's known as the AI Act. In some cases it bans some uses of the technology

altogether. It also means there are stricter transparency rules for

chat-box makers and high systems like those used in medicine face additional

regulations. The BBC's Chris Valence reports. The rapid development of AI has

sparked efforts across the world to regulate the tech, but the EU lays claim to having the first comprehensive

AI legislation, though enforced today it will take two years for the Act to apply in full. First will come bans on uses of AI

judged to pose an unacceptable risk.

For example, in police systems designed to predict if someone will commit a crime.

These will come into force in six months time.

Some critics argue the Block's growing body of tech regulation could stifle innovation, noting

that some firms have chosen not to roll out their

latest systems in the EU.

But officials point out that most AI's poses a minimal risk and may be used freely under the law.

Chris Valence there. Now let's do the numbers.

European markets are fairly quiet today.

The European wide stock 600 index is down 4 tenths of a percent and

London's Futsi 100 is down 1 tenth of a percent ahead of the Bank of England's decision

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