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Abstract
Changes in the way people live and work, driven by digitalization and automation, have always triggered fears. Developments in the field of digitalization and automation, as well as the use of artificial intelligence, which has been the subject of much discussion recently, require people in all areas to have a certain degree of adaptability. Increasing complexity, the loss ofjobs and the challenges of data protection are just a few examples of the challenges facing not only society but also legislators. The simplification of daily life and the increasing efficiency gains made possible by AI are some of the arguments in favor of using AI. The EU law on artificial intelligence aims to ensure that AI systems brought to market and deployed in the EU are safe and in line with the EU's fundamental rights and values. The groundbreaking proposal is also intended to promote investment and innovation in the field of Alin Europe.
Keywords: artificial intelligence, industrial revolution, EU Artificial Intelligence Act, digitalization.
JEL Classification: K33, K42
1. Introduction
Artificial intelligence is the ability of a machine to imitate human abilities such as reasoning, learning, planning and creativity. AI enables technical systems to perceive their environment, act on what they perceive, and solve problems to achieve a specific goal. The computer receives data, processes it and reacts. AI systems are able to adapt their actions by analysing the consequences of previous actions and working autonomously.
There is much analysis and debate about whether artificial intelligence is a blessing or a curse.
To make valid predictions, it is important to understand the historical development of past industrial revolutions. Moving to the current industrial revolution (Industry 5.0), with its focus on artificial intelligence, has raised peoples fears and concerns, especially when it comes to becoming replaceable in the workplace. Emotional and creative decisions are potentially challenging for AI.
On the basis of a review of the literature, the analysis describes the areas in which it will be necessary to create a legal framework in the future. Protection of fundamental and democratic values such as human rights, privacy and non-discrimination will be necessary.
In many areas of life, artificial intelligence can be seen as a positive opportunity. A balanced approach is needed: artificial intelligence must not...