News and developments
The European Artificial Intelligence Act in 2026
In June 2024 the European Parliament and European Council have adopted the Regulation (EU) 2024/1689, which will come in force in August 2nd, 2026.
Introduction
In light of the rapid technological developments and the increased dependence on tools such as artificial intelligence, there was also a constant need to lay down certain rules which will, theoretically, guarantee safety and transparency on one hand and impose compliance measures on the other. The said legal framework ensures that the AI is safe, ethical, non-discriminatory and innovative.
Classification of Risks
The Act classifies AI according to the risk:
What is prohibited under the Act:
The following types of AI system are banned:
What is considered as ‘High risk’ under the AI Act:
The following AI systems are classified as high risk (divided in two categories):
It is noted that the high-risk AI providers should implement a risk management system and conduct effective data governance in order to ensure that their databases are relevant and minimize errors. In addition, the providers should have in place technical documentation and be able to timely demonstrate compliance with the regulatory framework.
Any high-risk AI systems should be assessed prior released, whereas assessment should also be taking place throughout their lifecycle.
Lastly, when it comes to the most popular AI database, ChatGPT, it was noted that ChatGPT, and similar generative AI systems will not be classified as high-risk, however, will have to comply with transparency requirements and EU copyright law. In particular they should:
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