Why companies must prepare now for the EU AI Act
The EU AI Act regulates AI in the EU and beyond. Here is how it may apply to you.
The EU AI Act
The Act regulates the use of AI in the EU and affects organizations elsewhere.
Who is affected?
Providers, deployers, importers and distributors of AI systems used in the EU.
What are the key points?
A risk-based approach: some practices are prohibited, high-risk systems face strict requirements and other systems face transparency duties.
How does the Act define an AI system?
A machine-based system that infers from inputs how to generate outputs such as predictions, content, recommendations or decisions.
How does the Act define a general-purpose AI model?
A model capable of performing a wide range of tasks, which can be integrated into many systems.
When does the Act apply?
Obligations apply in phases over several years.
What are the penalties?
Fines can be significant, calculated as a share of global turnover or fixed amounts.
How to prepare
Inventory AI systems, classify their risk, close compliance gaps and set up governance.
Summary
Early preparation reduces compliance risk.
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