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ARTICLE · 28 APRIL 2021

New Proposed EU AI Regulation Extends Beyond Europe

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On April 21, 2021, the European Commission (Commission) published its draft Regulation on Artificial Intelligence (AI).

European UnionTechnology
Justin Williams
Justin Williams
Michelle Reed
Michelle Reed
Natasha Kohne
Natasha Kohne
Jenny Arlington
Jenny Arlington
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On April 21, 2021, the European Commission (Commission) published its draft Regulation on Artificial Intelligence (AI). It follows the strategies outlined in the February 2020 Commission's White Paper on AI. The draft Regulation is of key importance to users and providers of AI, not only because it is the first attempt at comprehensive regulation of AI, but also because it may well become the global standard. It is sector-agnostic, has an extraterritorial reach, carries steep non-compliance penalties and applies to multiple stakeholders across the AI value chain. The impact on business will take time to be felt, but there is already concern as to the regulatory burden. We set out below headline points that businesses should be aware of, and we will expand on these in a forthcoming webinar.

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