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ARTICLE · 21 JUNE 2024

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Artificial Intelligence Act: EU Agrees On The Regulation Of Artificial Intelligence

RSM Ebner Stolz
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The EU has re­ached an agree­ment on a new re­gu­la­tion for the use of Ar­ti­fi­cial In­tel­li­gence, the Ar­ti­fi­cial In­tel­li­gence Act (AI Act). Will this enable them to strike a ba­lance...

GermanyTechnology
Laurent Meister
Laurent Meister

The EU has re­ached an agree­ment on a new re­gu­la­tion for the use of Ar­ti­fi­cial In­tel­li­gence, the Ar­ti­fi­cial In­tel­li­gence Act (AI Act). Will this enable them to strike a ba­lance bet­ween re­gu­la­tion and the com­pe­ti­tiv­en­ess of Eu­ro­pean com­pa­nies? On one hand, the AI Act sets clear gui­de­lines for the use of AI, while on the other hand, it pres­ents nu­me­rous chal­len­ges for com­pa­nies.

Citizen Trust and Competitiveness as EU Goals

Al­re­ady in April 2021 – long be­fore AI with ChatGPT be­came a hot to­pic - the EU Com­mis­sion made a pro­po­sal on how Ar­ti­fi­cial In­tel­li­gence should be used in Eu­rope. With the pro­po­sed AI re­gu­la­tion, the EU ai­med to strengt­hen ci­ti­zens' trust in what is li­kely a ground­brea­king new tech­no­logy and to create a le­gal frame­work for com­pe­ti­tive use wi­thin the EU.

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