THE EU’S ARTIFICIAL INTELLIGENCE ACT: SETTING A GLOBAL STANDARD?

On 3 August, a briefing from Field Fisher says that the EU recently published proposals for an EU Regulation laying down harmonised rules on Artificial Intelligence (AI) – said to be the  first-ever regulatory framework on AI, to address the risks of AI in Europe.  The proposed Regulation would adopt a “risk-based” approach, dividing different uses of AI into four categories: Unacceptable, High Risk, Limited Risk, and Minimal Risk.  The briefing says that the penalties of breaching the Regulation are likely to be significant.  The EU Commission currently estimates that the Regulation could enter into force in the second half of 2022, and become applicable to AI operators in 2024. 

https://www.fieldfisher.com/en/services/competition-and-consumer/competition-connect-blog/the-eu-s-artificial-intelligence-act-setting-a-glo

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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