Society is undergoing a transformation driven by artificial intelligence (AI), which raises essential questions about how to maximize its benefits while minimizing risks. Key elements for AI success include robust infrastructure, an inclusive ecosystem, and effective governance to ensure that AI serves the broader interests of society.
The EU AI Act does not apply retroactively to AI systems deployed before August 2, 2025, meaning they are largely exempt from new obligations, with some exceptions for prohibited practices. However, substantial modifications to these systems after this date will require full compliance with the Act.
The EU AI Act aims to promote the use of human-centric and trustworthy artificial intelligence while regulating high-risk AI systems, particularly those used as safety components in machines. Compliance with the Act will be mandatory for machine builders supplying to the EU starting from August 2027.
Europe is moving forward with its AI Act, which will require high-risk medical devices with AI components to comply with both the new regulations and existing device rules. As implementation approaches, medical device manufacturers express concerns about the potential burdens these regulations may impose.
The European Commission unveiled its “AI Continent Action Plan,” outlining a strategy to enhance AI development and adoption across Europe, aiming to establish the continent as a global leader in the AI sector. The plan is structured around five pillars: computing infrastructure, data, skills, regulatory simplification, and adoption in key strategic sectors.
The EU AI Act and DORA are reshaping how financial entities manage AI risk by introducing new layers of compliance that demand transparency, accountability, and quantifiable risk assessments. Organizations must move beyond vague assurances and demonstrate their financial resilience through detailed documentation and data-driven strategies.
The emergence of the Chinese AI app DeepSeek is prompting EU policymakers to consider amendments to the EU AI Act, particularly regarding the threshold measures of computing power for general-purpose AI models. This could significantly impact how various GPAI models are regulated, especially those classified as having ‘systemic risk’.
The article discusses the complex impact of tariffs and the EU AI Act on the advancement of AI and automation, highlighting how tariffs can both hinder and potentially catalyze innovation. It emphasizes that while tariffs may increase production costs and disrupt supply chains, they could also incentivize domestic innovation and investment in AI technologies.
The EU AI Act has come into effect, imposing new rules and penalties on global enterprises, particularly those operating within the EU market. With a risk-based approach, the Act requires compliance based on the risk level of AI applications, impacting businesses worldwide.
The EU’s new Artificial Intelligence (AI) Act, effective from April 1, aims to enhance privacy protections and regulate high-risk AI applications, including a ban on real-time facial recognition. While supporters believe it safeguards citizens’ rights, critics warn it could stifle innovation and drive investment away from Europe.