The European Union is expected to adopt the Artificial Intelligence Act in 2024. This would be the first comprehensive legislation in the world which regulates the development, the use and the deployment of AI systems.
While limited to the territory of the European Union, the AI Act nonetheless has an extra-territorial scope meaning that any organisation that is either relying on a third party AI system or training its own AI models in the EU (regardless of where it is established) will have to comply with the AI Act.
The AI Act also creates synergies with the GDPR (e.g. on AI risk assessments) which will require organisations to adopt a combined approach when assessing how to comply with the GDPR and AI legislations. Our overview of the new legal framework will explain some of the key challenges that await organisations who use, rely or offer AI systems in the EU.