Following its White Paper on AI in 2020, the European
Commission released in April of this year a proposal for a
regulation laying down harmonised rules on artificial intelligence
(the "Regulation").
The Regulation builds on various resolutions adopted by the
European Parliament in relation to AI and contributes to the
EU's objective of becoming a global leader in secure,
trustworthy and ethical artificial intelligence. It aims to ensure,
on the one hand, legal certainty to facilitate investment and
innovation in AI and, on the other hand, the safety of AI systems
placed on the market and respect for fundamental rights and
European values.
It is important to note that although the proposal may
generate concerns amongst stakeholders, it contains specific
measures to reduce the regulatory burden on SMEs and
start-ups.
