EU Finalizes Artificial Intelligence Act

The European Parliament and Council reached a political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act”), which – when ratified – will create a comprehensive legal framework for the regulation of AI systems across the EU.

February 28, 2024

EU Finalizes Artificial Intelligence Act

On December 8, 2023, the European Parliament and Council reached a political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act”), which – when ratified – will create a comprehensive legal framework for the regulation of AI systems across the EU. The EU AI Act prominently features a risk-based approach, defining four different risk classes, and imposes specific obligations on providers/users that include testing, documentation, transparency, and notification duties. With political agreement reached, the EU AI Act will shortly be officially adopted by the EU Parliament and Council and published in the EU’s Official Journal sometime in early 2024. A majority of the EU AI Act’s provisions will be enforced after a two-year grace period that will likely commence in 2026.

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