The European Union (EU) has published proposals for the
regulation of Artificial Intelligence (AI), with potentially
far-reaching implications both for users and developers worldwide.
The proposals are contained in a densely written 26-page
"White Paper," which in this alert we distill down to 10
take-away points. The White Paper, together with the other strategy
documents published at the same time, is vital reading for any
business which participates in the data economy and in particular
companies that operate across borders.
At a very high level, the 10 take-away points include the fact
that new, extensive risk-based regulation is on its way, which is
broad in its material scope and might affect a number of different
actors that are involved in the lifecycle of AI systems. The
proposed framework would most certainly have extra-territorial
impact. The new requirements will mainly affect AI which is
considered "high-risk," namely if it is deployed in
health care,