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ARTICLE · 03 OCTOBER 2023

EU AI Act - A Closer Look At The World's First Regulatory Legislation On Artificial Intelligence

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The European Union is set to implement an Artificial Intelligence Act, that once approved will be the world's first regulatory legislation on Artificial Intelligence.

European UnionIntellectual Property
Simon Portman
Simon Portman
Georgia Rundle
Georgia Rundle
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What is the AI Act?

The European Union is set to implement an Artificial Intelligence Act, that once approved will be the world's first regulatory legislation on Artificial Intelligence.

The Act places legal requirements and obligations on developers, providers and users of AI Systems, which vary according to the level of risk the AI system is deemed to use. The Act is far-reaching and requires compliance from developers, providers and users of AI systems both within and outside the EU ( if supplying AI systems, services or system outputs for use within the EU).

When will the AI Act come into effect?

The first draft of the Act now been approved by the European Parliament, and after final negotiations and revisions, could come into effect as soon as 2025. Therefore, preparations to mitigate risk and ensure compliance should begin promptly.

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