The EU AI Act, effective from August 1, 2024, introduces a risk-based framework for regulating artificial intelligence that UK businesses must understand and comply with to compete in the European market. Non-compliance could lead to significant fines and reputational damage, making it essential for organizations to align their AI systems with the Act’s requirements.
The European Parliament’s decision to use Anthropic’s AI model, Claude, for their historical archive has raised concerns over the reliability of the technology, as it has produced inaccurate information. Despite the Parliament’s attempts to ensure compliance with ethical standards, the deployment of this AI system has been criticized for lacking proper assessments and control.
The EU’s AI Act is a significant regulation aimed at ensuring product safety and mitigating risks associated with AI use, with stringent requirements for businesses. It introduces a four-tier risk classification system to categorize AI systems based on their risk levels, from unacceptable to minimal risk.
The EU’s Comprehensive AI Act introduces regulations for AI systems, classifying them based on risk levels and placing obligations on employers regarding high-risk AI used in the workplace. Employers must ensure compliance with these regulations, which include informing workers before deploying AI systems that affect employment decisions.
The EU AI Act, which came into force on August 1, 2024, establishes the world’s first comprehensive regulatory framework for artificial intelligence, with key requirements already effective from February 2, 2025. Businesses must prioritize AI literacy and understand the definition of AI systems and prohibited practices to ensure compliance.
The European Union AI Act, which came into force on August 1, 2024, aims to enhance AI literacy among organizations and prohibits certain AI practices that undermine fundamental rights. Organizations are required to implement training programs and responsible AI policies to comply with the law, with violations potentially leading to hefty fines.
The authors express serious concerns that the draft Code of Practice for the EU AI Act fails to adequately protect human rights by allowing many risks to be classified as optional. They argue that this approach undermines the Act’s intent to set a world-leading standard for AI regulation while prioritizing corporate interests over human rights.
The EU AI Office has released a new draft of the Code of Practice that outlines obligations for general-purpose AI model providers under the EU AI Act, emphasizing compliance with copyright law. The draft aims to provide clearer guidance on copyright-related measures while allowing for proportionality based on the size and capacity of individual providers.
EU lawmakers are opposing the European Commission’s proposal to make more requirements of the AI Act voluntary, a move that could favor large AI developers like Google and OpenAI. This proposal faces strong backlash from the European Parliament, which argues that weakening the AI Act could threaten Europe’s economy and democracy.
The EU AI Act introduces new regulatory requirements for the responsible use of artificial intelligence, aiming to protect society and build trust in technology. Companies must take proactive steps to ensure compliance, as the Act will be implemented in stages starting in February 2025, impacting various sectors significantly.
Take the first steps in your transformation towards international AI compliance.
Our expert sales team is here to answer your questions, just leave your email and we’ll get in touch.
