The EU’s Artificial Intelligence Act

Understand the EU Regulations and which actions to take

The long-awaited EU AI Act: A comprehensive timeline and preparation guide

On December 8th 2023, after a marathon session, the EU Parliament and Council reached a provisional agreement on the AI Act, aiming to balance innovation with ethical considerations. The Act promises transformative regulatory shifts, seeking to protect fundamental human rights and environmental sustainability from high-risk AI.

EU AI Act timeline
Total governance-related costs for an AI model

Understanding the EU AI Act penalties and achieving regulatory compliance

Ushering in an era of responsible AI, the EU AI Act establishes stringent ethical and safety standards for AI systems, minimizing potential risks and maximizing societal benefit. Learn more about the EU AI Act penalties and achieving regulatory compliance.

The EU AI Act:
Practical implications and guidance

The EU AI Act is coming, and it will impact your business. This new regulation sets strict guidelines for how businesses can develop, deploy, and use AI within Europe.

Join our webinar to gain crucial insights from our panel of experts. They’ll break down the key aspects of the EU AI Act, explain what your business needs to do to comply, and suggest concrete solutions.

EU AI Act: Practical Implications and Guidance

Frequently asked questions

Please note the information provided is for general understanding and not legal advice.

What are the risk categories defined by the AI Act?

The AI Act defines four levels of risk as follows: “unacceptable risk,” “high risk,” and “limited risk or minimal/no risk.” Depending on the risk level, organizations must ensure that their AI solutions adhere to specified regulations.

When will the AI Act go into effect?

In early December 2023, the EU Parliament and Council reached a provisional agreement on the AI Act to balance innovation with ethical considerations. To give organizations time to comply with the new law, the AI Act will likely enter into force in 2025.

Where will the AI Act be binding?

The AI Act will be legally binding throughout the EU’s 27 member states. For firms located outside the EU, the AI Act will apply to AI models placed on the EU market or used within the EU.

How will the AI Act affect my organization?

If your organization uses AI, you must ensure that your AI solutions comply with the AI Act. Compliance may involve technical and organizational measures, record-keeping, and human oversight, depending on the risk level.

How should my organization prepare for the AI Act?

The best way to prepare for the AI Act is to integrate AI Governance into your operations. With comprehensive measures that support, verify, and document compliance, your organization will be able to adapt to present and future AI regulations. 2021.AI can help you comply with the Act.

What are the penalties if my organization fails to comply?

If an organization fails to comply, the AI Act prescribes fines up to 35 million euros or 7% of global turnover, and up to 7.5 million euros or 1.5% of turnover.

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