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ARTICLE · 02 DECEMBER 2022

Significant Risk Management Obligations On The Horizon Under The Proposed AI Act

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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Significant risk management obligations are on the horizon under the proposed AI Act. While we are a couple of years away from its implementation, businesses must consider these incoming obligations today.

IrelandStrategy
Barry Scannell
Barry Scannell
David Cullen
David Cullen
Leo Moore
Leo Moore
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Significant risk management obligations are on the horizon under the proposed AI Act. While we are a couple of years away from its implementation, businesses must consider these incoming obligations today. The AI Act is clear that many elements of the legislation, particularly concerning risk, will need to be addressed in the design and development stages of specific AI systems. AI being developed today needs to be future proofed in line with the requirements of the proposed AI Act.

Article 9 of the proposed AI Act (Article 9) deals with risk management. The obligations created by Article 9 should give businesses pause for thought. Any organisations using or producing systems, which could be classified as high-risk AI (HRAI) under the proposed legislation, will have significant risk management obligations. The legislation may carve open airtight liabilities and warranties in existing contracts.

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