The EU AI Act is seen as a necessary measure for responsible AI development in the European Union, yet it faces significant questions regarding its effectiveness and implementation. Critics, including Lamprini Gyftokosta, highlight concerns about enforceability, interpretive challenges, and the adequacy of protections for fundamental digital rights.
The EU AI Act is seen as a necessary step towards responsible AI development in the European Union, but its implementation raises significant concerns regarding enforceability and resource allocation. Critics argue that the Act’s broad scope may inadequately protect fundamental digital rights and that many of its requirements are challenging to interpret.
The 2024 EU AI Act establishes a comprehensive regulatory framework aimed at harmonizing the development and use of AI within the EU, emphasizing safety and fundamental rights. It introduces a risk-based approach, prohibiting certain high-risk AI practices while requiring transparency and compliance from AI providers and deployers.
The EU AI Act is a pivotal regulation that will significantly influence how organizations manage and utilize AI systems, especially concerning third-party risks. Organizations must develop compliance plans and internal policies to navigate the complexities of this legislation effectively.
With the introduction of the EU AI Act, financial organizations integrating artificial intelligence will face new compliance requirements that could result in significant penalties for non-compliance. The Act emphasizes the need for human oversight in automated decisions, pushing financial institutions to adapt their processes to ensure fairness and transparency in AI usage.
The rise of artificial intelligence (AI) poses significant questions regarding its potential use in violating EU competition law, particularly in relation to anticompetitive agreements. This blog post examines how AI may facilitate both horizontal and vertical agreements that could undermine competition in the market.
The EU AI Act aims to establish a regulatory framework for artificial intelligence that balances public safety and innovation by banning high-risk AI systems while regulating others. As the Act takes effect, it raises questions about whether it will stifle or encourage technological advancements within the EU compared to the more permissive approach in the US.
On March 4, 2025, the Irish government approved a distributed model for implementing the EU Artificial Intelligence Act, designating eight public bodies as competent authorities. Minister Peter Burke emphasized the importance of building trust in AI systems to capture the significant economic and societal benefits they offer.
The European Union has released a new draft of rules for companies utilizing general-purpose AI models, highlighting ongoing significant concerns from critics regarding its implications for tech companies in Europe. The draft introduces various regulations aimed at ensuring ethics, safety, and transparency in the use of AI technology.
Meta Platforms Inc., Adobe Inc., and over 70 other publicly-traded US companies are warning that the EU’s Artificial Intelligence Act poses significant risks to their businesses due to compliance costs and potential legal liabilities. The act’s implementation may force companies to alter their product offerings in the EU while facing aggressive enforcement actions.