The EU AI Act, set to take effect in February 2025, will classify AI applications in recruitment and HR as “high risk,” necessitating compliance from businesses that develop or deploy such systems. This legislation aims to ensure safety and accountability in the use of AI technologies within organizations.
The EU’s AI Act will start implementing critical aspects on February 2, 2025, specifically targeting prohibited AI practices that present unacceptable risks. Non-compliance can result in hefty fines, emphasizing the importance for organizations to evaluate their AI systems against these regulations.
EY is addressing the challenges of global AI regulation, particularly through compliance with the EU AI Act, which emphasizes a risk-based approach and ethical AI practices. The organization views compliance not merely as a requirement but as a strategic opportunity to enhance long-term business value and build trust in AI systems.
Ireland enjoys specific exemptions from certain provisions of the EU AI Act, particularly regarding AI used in law enforcement, as outlined in Recital 40. This unique position allows Ireland to maintain autonomy in regulating AI practices that intersect with national security and justice matters.
The EU AI Act outlines the rights provided to individuals and organizations in relation to artificial intelligence systems. It emphasizes the importance of understanding user needs and highlights the right to lodge complaints without needing to demonstrate specific damage.
The EU Artificial Intelligence Act is a legislative proposal aimed at regulating AI to ensure its safe and ethical use across member states. It establishes a comprehensive framework categorizing AI applications based on risk levels and outlines compliance requirements for developers and organizations involved in AI systems.