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After 36 hours of negotiations, EU officials have secured a provisional deal on ground-breaking regulations for artificial intelligence (AI), marking the world's first comprehensive laws in this domain. The AI Act proposals cover systems like ChatGPT and facial recognition, with the European Parliament set to vote on them in early 2024. Implementation, however, is not expected until at least 2025. Key Points: ✅ Safeguards for AI use within the EU. ✅ Limitations on adoption by law enforcement. ✅ Consumer rights to launch complaints. ✅ Fines for violations. EU Commissioner Thierry Breton calls it a "historic" step, setting "clear rules for the use of AI" and positioning the EU as a global AI leader. European Commission President Ursula von der Leyen hails it as a "unique legal framework for the development of AI you can trust." This marks a significant move towards responsible AI development, ensuring technology aligns with safety and human rights. #AIregulation #EU #artificialintelligence #mayhewemploymentlaw #employmentlawsouthwest

Today the EU Council has accepted the draft of the AI Act agreed in the Trilogue. Consumer Consumer associations such as the vzbv have stated that the compromise should be accepted despite several deficiencies. The perspective of AI providers on deficiencies will be different and my experience is that at certain point we will see class actions arise to clarify many of the requirements established in the AI act in the legally unclear language of a political compromise. One example is that the risk-based classification system will by a risky challenge for AI providers. The Act introduces comprehensive documentation requirements, cross-border supervisory cooperation, and a tiered oversight model for general-purpose AI. In this multi-layer compliance regime, a mix of regulatory interventions and private enforcement by litigation is almost pre-programmed. No doubt, the Council's decision is a milestone. Let us see how the next miles look like. #ArtificialIntelligence #EUAIAct #LegalInsight #RegulatoryCompliance #RegulatoryFrameworks #TechInnovation

🌐 Exciting News for the Legal Community! 🤖🇪🇺 The European Union has officially given its unanimous approval to the world's first comprehensive rulebook for Artificial Intelligence. The EU AI Act is landmark legislation, regulating AI based on its potential harm and including a tiered approach addressing powerful AI models, with horizontal transparency rules for all and additional obligations for models posing systemic risks. From opposition to consensus, the legislative process shows the challenges of policymaking in the digital age. As a law firm, we are engaged in mandates reflecting the AI Act's emphasis on transparency, protection of trade secrets, and the reassessment of criteria for designating AI models with systemic risks, among many other things. The establishment of the European Artificial Intelligence Office signals a proactive approach to overseeing AI models. Looking ahead, we anticipate further engaging with clients and stakeholders in developing interpretations of and best practice in relation to the Act. #AI #EU #ArtificialIntelligence #Regulation #LegalTech #Innovation #EUAIAct #LawFirmLeadership

After 36 hours of negotiations, EU officials have secured a provisional deal on ground-breaking regulations for artificial intelligence (AI), marking the world's first comprehensive laws in this domain. The AI Act proposals cover systems like ChatGPT and facial recognition, with the European Parliament set to vote on them in early 2024. Implementation, however, is not expected until at least 2025. Key Points: ✅ Safeguards for AI use within the EU. ✅ Limitations on adoption by law enforcement. ✅ Consumer rights to launch complaints. ✅ Fines for violations. EU Commissioner Thierry Breton calls it a "historic" step, setting "clear rules for the use of AI" and positioning the EU as a global AI leader. European Commission President Ursula von der Leyen hails it as a "unique legal framework for the development of AI you can trust." This marks a significant move towards responsible AI development, ensuring technology aligns with safety and human rights. #AIregulation #EU #artificialintelligence #mayhewemploymentlaw #employmentlawsouthwest

Alluring EU AI Act has been published in the Official Journal of the EU on July 12 , 2024 by bringing complex and relatively brain-twister questions regarding its enforcement not only for EU markets but beyond. Besides the EU markets, third countries also need to make "a compliance to-do list". White & Case LLP team has simplified this puzzling compliance and enforcement journey with "EU AI Act Enforcement Timeline." Certainly deserves a peek. #AI

European Union member states have agreed on the world’s first major AI regulation law. The EU Council’s AI Act uses a risk-based approach, setting extensive rules for AI applications based on their societal threats. "The AI Act emphasizes trust, transparency, and accountability while fostering European innovation," said Mathieu Michel, Belgium’s Secretary of State for Digitization. Companies face fines up to €35M or 7% of annual revenue for violations. #AIRegulation #EULaw #TechEthics #AIAct #Innovation #DigitalTransformation #Transparency #Accountability #ArtificialIntelligence #EUInnovation

🚀 Navigating New EU AI Regulations 🌐 🔔 As the EU rolls out its groundbreaking AI regulations, we at BINDMYIT are actively monitoring these developments. Here's a brief overview: 💡 Key Points: • Fines for Noncompliance: Ranging from €7M to €35M, depending on the infringement. • Prohibitions: Includes restrictions on biometric categorization, untargeted scraping of facial images, and emotion recognition in workplaces. • Mandatory Assessments: High-risk AI systems in sectors like insurance and banking require a rights impact assessment. • Developer Obligations: Include detailed technical documentation and adherence to EU copyright laws. 👁️ Our Commitment at BINDMYIT: Training and Support: We're developing comprehensive training to ensure that our design and delivery approaches incorporate these regulatory guardrails. Staying Informed: We're closely watching the AI Act’s progress, including the pending votes in the EU Parliament’s committees. 🤝 Partnering for Compliance: We're here to help you navigate these changes, ensuring your AI solutions remain compliant and effective. Stay tuned for more updates and training opportunities! #BINDMYIT #AICompliance #TechUpdate #AIRegulations

🤖 Australia's AI Legislation Update 📜 Australia is moving forward with legislating AI in high-risk sectors like law enforcement, recruitment, and healthcare. Key points: 1. A new advisory body for legislative framework and defining high-risk scenarios. 2. Part of the government's response to submissions advocating harm prevention, mitigation, and response. 3. Striving for a balanced approach considering the diverse risk profiles of AI applications. 4. Open to stricter measures, learning from international experiences (e.g., EU and UK). Read the full article at the SMH here: https://lnkd.in/gy3mnw4y #AIRegulation #Australia #AI #TechNews #grc #isms #iso42001

EU reaches provisional AI Act agreement… Lawmakers have reached a provisional agreement on the EU’s proposed #artificialintelligence Act (AI Act). The EU’s AI Act is anticipated to be the world’s first comprehensive set of rules to govern the #technology. It could serve as a benchmark for other regions looking to pass similar laws. The Act establishes obligations for “high-impact” general-purpose AI (GPAI) systems that meet certain requirements, like risk assessments, adversarial testing, incident reports, and more. It mandates transparency by those systems that include creating technical documents and “detailed summaries about the content used for training” Citizens will have a right to launch complaints about AI systems and receive explanations about decisions on “high-risk” systems that impact their rights. Fines for breaking those rules can range anywhere from €35 million or 7% of global revenue, to €7.5 million or 1.5% of global revenue of turnover. The use of AI is banned in certain applications such as: • Scraping facial images from CCTV footage. • Categorization based on “sensitive characteristics” like race, sexual orientation, religion, or political beliefs. • Emotion recognition at work or school. • The creation of “social scoring” systems. The last two are AI systems that “manipulate human behavior to circumvent their free will” or “exploit the vulnerabilities of people.” The rules include a list of safeguards and exemptions for law enforcement use of biometric systems, either in real-time or to search for evidence in recordings. A final deal is expected by year-end, but the law may not take effect until 2025. With a provisional agreement in place, additional negotiations, including votes by Parliament’s Internal Market and Civil Liberties committees, are still necessary. Daily #electronics from Asia insights – connect with me, Keesjan, and never miss a post by ringing my 🔔. #innovation

The EU AI Act is the first comprehensive law in the world that impacts general-purpose AI systems and includes safeguards and prohibitions that will reduce the risk presented by AI for government agencies, businesses and individuals.