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INSIGHT | Europe’s AI Act takes effect: What Australian businesses need to know for their use of AI On 1 August 2024, the European Union’s Artificial Intelligence Act (AI Act) became law but will be progressively implemented over the next two to three years. The AI Act has effect outside the European Union in certain circumstances, so Australian businesses will need to prepare for the possible impact of the AI Act on their use of AI technologies in their business. Piper Alderman partners Tim Clark and Craig Subocz along with Thomas Rowe, Law Graduate discuss this issue. Read the complete article here: https://lnkd.in/g2QwMMmg #AIRegulation #AIAct #PiperAlderman

The EU's AI Act: Good regulation, bad regulation or somewhere in between? There is an increasing feeling that the regulators behind the EU’s AI Act should perhaps not be patting themselves on the head for being first out of the regulatory gate, if their aim of protecting the public is outweighed by the damage inflicted because they end up strangling Europe’s AI industry at birth. Simon Portman and Michael Williams’ co-authored piece that discusses the EU’s AI Act has been published in Betanews, Inc.. Please do give the piece a read below! #intellectualproperty #ip #eu #ai #patents https://lnkd.in/eGyKy6XN

On 9th Jan 2024, the EU AI Act has been approved by the European Commission and entry into force is expected between Q2 and Q3 2024. This carousel highlights a few points for you to understand the EU AI act. Swipe to know more and let us know your thoughts in the comments! You can find article in the comments to read more in depth about the EU AI act. #europeanunion #euaiact #ailaw #europeancommission

I am thrilled to share that EU lawmakers have secured a late-night deal on revolutionary AI regulations. Following extensive negotiations, a risk-based framework for regulating artificial intelligence has finally been established. This landmark development marks a significant milestone in the journey to regulate AI. Read the full article to gain insights on this historic agreement: https://ift.tt/TZhotP7

In January 2024, the European Commission adopted the Artificial Intelligence in the European Commision (AI@EC) Communication, a strategic plan which outlines the strategic vision of the EC to foster the internal development and use of lawful, safe and trustworthy AI systems. This plan will pave the way for the implementation of the EU AI Act, the world’s first comprehensive law on AI. Read more about the AI@EC Communication by accessing the plan here: https://lnkd.in/d9VcG_wi #PAITool #AIintheEU #AIforSMEs

The EU AI Act was published in the EU Official Journal on July 12, 2024, and is the first comprehensive horizontal legal framework for the regulation of AI across the EU. The EU AI Act enters into force on August 1, 2024, and will be effective from August 2, 2026,1 except for the specific provisions listed in Article 113. https://lnkd.in/gt-6epc5

My Marks & Clerk #manchester #patentattorney colleague Michael Williams and I comment below on the tricky balance to strike between protecting the public and fostering #innovation when regulating new #technology. How does the #euaiact do on this front? Many in #industry seem to fear it only works on paper. #machinelearning #generativeai #eu #regulatorycompliance

How will the EU’s rules on #AI models ripple down the value chain? The recently adopted AI rulebook includes regulations for providers of general-purpose AI models including OpenAI, Anthropic and Mistral AI. While the scope of these duties is defined in the legal text, there's a possibility for broader interpretation in the future due to a last-minute addition to the law's chapeau — a non-binding section meant to clarify the applicability of the rules. Check out newly ungated analysis by senior AI correspondent @Luca Bertuzzi now: http://lexn.me/inQH50SpQAQ Get a quote: http://lexn.me/TuNr50SpQAP #MLex #LexisNexis #GenAI

🔎 What are the transparency requirements for high-risk AI system providers under the EU AI Act? Transparency is an important element for the implementation of #TrustworthyAI which really is the overarching theme of this law. Check our latest article on Transparency from our "Decoding the EU AI Act" series, where we break down all the essential requirements in bite-sized content. Written by Ana Carolina Teles ✨. #EUAIAct #TrustworthyAI #AITrustworthiness

We are pleased to share the latest update on AI regulations in the EU. The recent political deal by European Union lawmakers has paved the way for pioneering comprehensive AI regulations, allowing for adaptability to advancements in the field. To read the full article, click here: https://ift.tt/r53C6NS