Chile: Introduced Bill regulating Artificial Intelligence systems (Nr. 16821-19) including consumer protection requirements

On 7 May 2024, the Bill regulating Artificial Intelligence systems (Nr. 16821-19), including consumer protection requirements, was introduced to the Chamber of Deputies of Chile. The Bill introduces a risk-based approach and emphasises the importance of developing and using AI systems within a common ethical framework, addressing significant risks that could violate ethical and legal values both nationally and internationally. The Bill would require AI systems to be developed and used in accordance with consumer protection regulations, ensuring fair treatment, providing timely and transparent information, and safeguarding both freedom of choice and safety in the consumption of technology.