EU COMPLIANCE: THE EU AI ACT IS NOW IN FORCE – ON 1 AUGUST 2024, THE EUROPEAN ARTIFICIAL INTELLIGENCE ACT COMES INTO FORCE
On 1 August 2024, the European Artificial Intelligence Act (AI Act) entered into force. The Act aims to foster responsible artificial intelligence development and deployment in the EU. Proposed by the Commission in April 2021 and agreed by the European Parliament and the Council in December 2023, the AI Act addresses potential risks to citizens’ health, safety, and fundamental rights.
The EU aspires to be the global leader in safe AI. By developing a strong regulatory framework based on human rights and fundamental values, the EU can develop an AI ecosystem that benefits everyone.
This means better healthcare, safer and cleaner transport, and improved public services for citizens. It brings innovative products and services, particularly in energy, security, and healthcare, as well as higher productivity and more efficient manufacturing for businesses, while governments can benefit from cheaper and more sustainable services such as transport, energy and waste management.
