LONDON: European Union lawmakers are set to give final approval to the 27-nation bloc’s artificial intelligence law on March 13, putting the world-leading rules on track to take effect later this year.

Lawmakers in the European Parliament are poised to vote in favor of the Artificial Intelligence Act five years after they were first proposed. The AI Act is expected to act as a global signpost for other governments grappling with how to regulate the fast-developing technology.