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ARTICLE · 14 JUNE 2024

AI Act…. Only One Step Away

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On the 21st May 2024, the Council gave the green light to the AI Act (‘the Act') which harmonises the rules on artificial intelligence (‘AI‘) across the European Union and could set a standard for the regulation...

MaltaTechnology
Jackie Mallia
Jackie Mallia
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On the 21st May 2024, the Council gave the green light to the AI Act ('the Act') which harmonises the rules on artificial intelligence ('AI') across the European Union and could set a standard for the regulation of AI across the world. The Council's approval is one of the final steps for the AI to come into effect – the Act will enter into force twenty days after publication in the EU's Official Journal, which is likely occur in June 2024.

As with other legislation in the field of innovative technology, the Act aims at encouraging investment and innovation related to artificial intelligence in Europe, whilst protecting fundamental human rights of EU citizens. It categorizes AI systems into four categories of risk, namely: unacceptable, high, limited, and minimal risk and imposes varying degrees of regulation on each category.

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