Posted Text Of EU AI Act Demonstrates Momentum Towards Final Adoption

Seyfarth Synopsis: The draft text of the EU AI Act has been unofficially posted online, showing that there has been significant momentum towards the Act's final passage. Under the posted draft of the Act, the provisions regarding "high risk" AI systems will not go into effect until 36 months after the Act's "entry into force". Nevertheless, the Act's "high-risk" categorization of AI systems used in employment, including worker monitoring, has broad and immediate implications for employers using (or looking to use) AI in their employment processes. Employers everywhere should consider how their current AI practices align with the Act's broad requirements, because even outside of the EU, these standards and requirements are likely to be closely examined by legislators, regulators, and other stakeholders seeking to manage AI risks.