The EU is pioneering a comprehensive regulatory framework for AI, categorizing systems based on risk and imposing stricter rules on high-risk applications. While this approach aims to foster trust and innovation, concerns arise about the potential impact on smaller companies and the EU’s competitive edge in the global AI landscape.
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.
The European Commission will decide by August whether to scrap its planned liability rules for artificial intelligence systems due to a lack of agreement among lawmakers. While some lawmakers advocate for the withdrawal, others believe that consumers are already protected under existing legislation.
Legal department leaders are increasingly exploring how generative artificial intelligence can enhance efficiency and innovation, yet they face challenges in balancing rapid progress with responsible risk mitigation. The EU AI Act serves as a guidepost for innovation, helping organizations navigate compliance while leveraging new technologies.
The EU AI Act, which aims to regulate artificial intelligence systems based on their risk levels, is set to come into force on August 1, 2024. It will apply to all 27 EU member states and even entities outside the EU that provide AI systems impacting users within the EU.
The UK Artificial Intelligence (Regulation) Bill has been relaunched in the House of Lords, aiming to establish a central AI Authority to oversee regulation and ensure safety, transparency, and fairness in AI use. Despite passing its first reading, the bill faces uncertainty regarding government backing and cross-party support in the House of Commons.
The European Union has softened its regulatory stance on artificial intelligence with the release of a new draft for the ‘AI Act,’ which outlines obligations for general purpose AI providers. Meanwhile, South Korea is being urged to focus on fostering AI development rather than imposing strict regulations as it implements its own AI Basic Law.
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.
Kristen Gonzalez, a New York state senator, introduced the Loading Act to regulate the use of artificial intelligence in government, ensuring transparency and labor protections for state workers. She emphasized the importance of responsible AI use as generative AI technologies continue to evolve and impact employment.
Anticipation surrounds the Brussels AI community as the publication of the third draft of the GPAI Code of Practice is delayed, originally expected in mid-February. Tensions are rising as stakeholders, including Big Tech and civil society organizations, prepare for significant clashes over the guidelines once they are released.