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ARTICLE · 31 JANUARY 2024

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Balancing Risk With Innovation: EU's Approach To AI Procurement Contracts

RDJ LLP
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On 9 December 2023, the EU Council and Parliament reached a ‘provisional' agreement on the AI Act (the "Act"). However, further work was needed on a technical...

European UnionTechnology
Jack Bergin
Jack Bergin
Sarah Slevin
Sarah Slevin
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Introduction

On 9 December 2023, the EU Council and Parliament reached a ‘provisional' agreement on the AI Act (the “Act”). However, further work was needed on a technical level (and on the more controversial parts of the deal, particularly regarding foundation models) to iron out the finer details into an agreed and final text. The agreed text will then be formally adopted by both Parliament and Council and become EU law, which is expected to take place in the second half of 2024. Just before the publication of this Insight, a draft of the final text was made available online by Euractiv Tech Editor, Luca Bertuzzi, and it has been said that the Committee of Permanent Representatives will meet on 2 February 2024 to vote on adopting the text, albeit France is reputed to be seeking to delay this. We will be reviewing this draft and will publish a separate Insight on the main points and provisions of note in the text shortly.

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