07/19/2024 | News release | Distributed by Public on 07/20/2024 20:28
By Madelaine Harrington & Marty Hansen on July 17, 2024
On 12 July 2024, EU lawmakers published the EU Artificial Intelligence Act ("AI Act"), a first-of-its-kind regulation aiming to harmonise rules on AI models and systems across the EU. The AI Act prohibits certain AI practices, and sets out regulations on "high-risk" AI systems, certain AI systems that pose transparency risks, and general-purpose AI ("GPAI") models.
The AI Act's regulations will take effect in different stages. Rules regarding prohibited practices will apply as of 2 February 2025; obligations on GPAI models will apply as of 2 August 2025; and both transparency obligations and obligations on high-risk AI systems will apply as of 2 August 2026. That said, there are exceptions for high-risk AI systems and GPAI models already placed on the market:
The AI Act requires the Commission, among other things, to develop guidelines or adopt secondary legislation on: practical implementations of the Act, including on the definition of an AI system; prohibited practices; transparency obligations; obligations applicable to high-risk AI systems and responsibilities along the AI value chain; and the relationship of the AI Act with the Union harmonisation legislation set out in Annex I of the AI Act. The Commission has indicated that both the guidelines on the practical implementation of the AI system definition and those on prohibited practices will be published in the next six months.
The Covington team has monitored the AI Act since its inception, and it has published numerous blogs the substance of the AI Act and its progress through the legislative process:
If you have questions about the AI Act, or other tech regulatory matters, we are happy to assist with any queries.