Q.Consider the following statements regarding the European Union's Artificial Intelligence Act (EU AI Act): (a) It is the world's first comprehensive legal framework specifically designed to regulate Artificial Intelligence. (b) The Act strictly bans the development and deployment of all Generative AI models (like ChatGPT) within the EU. (c) It takes a risk-based approach, classifying AI systems into categories such as 'unacceptable risk', 'high risk', and 'minimal risk'. Which of the statements given above is/are correct?