The EU AI Act categorizes AI systems into four risk levels: Unacceptable, High-risk, Limited, and Minimal. Genbounty offers a free Risk Classification Wizard to help teams quickly determine their system’s category and understand the corresponding obligations for compliance.
Dr. Cari Miller discusses the differences between the EU AI Act and the US AI Action Plan, highlighting that the EU framework is much more risk-aware and imposes binding obligations on high-risk AI systems. She emphasizes the importance of balancing innovation with regulation, particularly in AI procurement, to ensure responsible practices in the rapidly evolving technology landscape.
The EU’s Artificial Intelligence Act introduces new obligations for organizations regarding general-purpose AI models, set to take effect in August. Dealmakers must enhance their due diligence processes to ensure compliance and understand the risks associated with AI systems in the context of mergers and acquisitions.
This systematic mapping study evaluates the trustworthiness of large language models (LLMs) in the context of the EU AI Act, highlighting their capabilities and the challenges they face. The research identifies significant gaps in the application of trustworthiness principles across various high-stakes domains, emphasizing the need for further exploration and development.
The EU has rejected calls for a pause in the implementation of the AI Act, maintaining its original timeline despite pressure from various companies and countries. Swedish Prime Minister Ulf Kristersson has publicly criticized the rules as “confusing” and called for a delay, arguing that it could hinder Europe’s technological progress.
The EU AI Act is set to fundamentally transform the development and deployment of artificial intelligence across Europe, establishing the first comprehensive legal framework for the industry. Companies must adapt to new standards of compliance, transparency, and trust to remain competitive in the evolving AI market.
Dr. Darryl Williams, founder of Partsol, argues that the EU AI Act is essential for fostering innovation in Ireland by providing a framework that ensures accountability and safety in AI development. He emphasizes that proactive regulation will not hinder progress but instead create a competitive advantage through trust and clarity in AI systems.
The EU AI Act, while aiming to set a regulatory framework for artificial intelligence, faces challenges in influencing other countries due to differing legal and cultural values. This has led to the notion of a “Brussels mirage,” where the Act serves more as a symbolic reference than a practical model for AI legislation globally.
The EU AI Act, while aiming to set a regulatory framework for artificial intelligence, faces challenges in influencing other countries due to differing legal and cultural values. This has led to the notion of a “Brussels mirage,” where the Act serves more as a symbolic reference than a practical model for AI legislation globally.
Former top EU commissioner Margrethe Vestager has stated that it is “way too soon” to change the existing regulations surrounding artificial intelligence in the EU. This comment comes amidst ongoing discussions and lobbying related to AI laws and their implications for the industry.