The EU's AI Act: What Do We Know So Far About The Agreed Text?

Late on Friday 8 December, negotiators for the European Parliament and Council of the EU reached political agreement on the shape and contents of the ground-breaking EU regulation on artificial intelligence – the AI Act – after 38 hours of discussion over three days. However, this represents the beginning of the end of the legislative process, rather than the end itself.

The agreed text is not yet available and does not yet exist in its final form – a great deal of additional work is needed on the technical details over the coming weeks. Several last-minute suggestions are understood to have been made in the negotiations, increasing uncertainty about the final document. Nevertheless, having an understanding of the current position will enable businesses to kickstart their AI compliance projects.