Adoption Of The AI Act: What Does It Entail?

On May 21, 2024, the Council endorsed the Artificial Intelligence Act (AI Act), which constitutes the first set of worldwide rules on AI.

Legislative timeline

• April 2021 – Proposition of a first draft of the regulation by the European Commission.
• December 2023 – Political agreement by the European Parliament (EP)and Member States (through the Council) agreement on the AI Act.
• March 2024 – the EP adopted the AI Act by a large majority.
• May 2024 – Endorsement of the regulation by the Council.

Next steps:

• Publication in the EU's Official Journal in the coming days.
• The AI act will enter into force twenty days after its publication in the official Journal and be fully applicable 24 months after its entry into force, except for:
  • Bans on prohibited practices, (6 months after entry into force);