The EU reached a historic agreement on the AI Act, set to come into effect in 2024. It establishes comprehensive laws to regulate AI, following intense negotiation. The legislation covers governance, enforcement, rights protection, prohibited practices, and penalties. The Act classifies high-impact AI systems and mandates regulations for their developers. This landmark decision is pivotal for AI regulation globally.
EU’s Landmark Agreement on AI Act
Background
The EU has reached an agreement on the AI Act, which will likely come into effect in 2024 as scheduled. It established comprehensive laws to regulate AI.
Key Aspects of the Agreement
- High-impact and high-risk AI systems
- Governance and enforcement
- Prohibitions and law enforcement exceptions
- Rights protection
- Other agreed areas including definitions and scope, classification of AI systems, foundation models, responsibilities in AI value chains, prohibited AI practices, and governance, penalties, and enforcement.
Impact on ‘Frontier Models’
Under the new regulations, developers of general-purpose AI systems must maintain up-to-date information, and certain models are classified as posing a “systemic risk” and subject to additional, more stringent rules.
Reactions and Controversies
The AI Act has sparked various reactions, with comments on its innovation, regulation, and societal impact. There have been concerns raised regarding the Act’s effectiveness and its potential impact on human rights and surveillance.
Practical AI Solutions
- Identify Automation Opportunities
- Define KPIs
- Select an AI Solution
- Implement Gradually
For AI KPI management advice, connect with us at hello@itinai.com. Follow us for continuous insights into leveraging AI on our Telegram or Twitter.
Practical AI Solution Spotlight
Consider the AI Sales Bot from itinai.com/aisalesbot designed to automate customer engagement 24/7 and manage interactions across all customer journey stages.
