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ARTICLE · 11 JUNE 2024

The EU Artificial Intelligence Act: Key Takeaways And Analysis

Davis+Gilbert LLP
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Jurisdictions worldwide, including several U.S. states, are starting to set new legal and regulatory guidelines for the use and development of artificial intelligence (AI) systems.

United StatesTechnology
Paavana Kumar
Paavana Kumar
Samantha Rothaus
Samantha Rothaus
Zachary Klein
Zachary Klein
Andrew Richman
Andrew Richman
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The Bottom Line

  • The EU AI Act will soon begin to restrict, regulate or prohibit AI-related activity that impacts the EU market.
  • Both AI providers and deployers will have to follow stringent rules that ensure the technology is used transparently, safely and ethically.
  • Companies that operate or conduct business in the EU should conduct an assessment of their AI systems to determine where their activities may fall under the AI Act's risk categories and adopt applicable compliance measures.

Jurisdictions worldwide, including several U.S. states, are starting to set new legal and regulatory guidelines for the use and development of artificial intelligence (AI) systems. However, the European Union is taking the lead with the EU Artificial Intelligence Act, considered to be the world's first comprehensive legal framework for AI. Formally adopted by the European Parliament on March 13, 2024, and approved by the EU Council on May 21, 2024, the AI Act's final text

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