WILLIAM FRY LLP’s Post

The EU AI Act comes into force today, 1 August 2024. It introduces a robust legal framework designed to ensure AI system safety, protect fundamental rights and encourage innovation. It is a significant step that is likely to influence AI development and use, not only in the EU but also globally. Partner and head of our Dublin Data, Commercial & Technology team, Claire Morrissey, provides an overview of its key provisions in our AI Act Guide, to assist businesses in navigating these regulations. To read in full, visit https://lnkd.in/gwFuzksg. #AI #AIAct #EUAct #Ireland

🔍 The EU's new AI Act is here! 📜 UK firms, take note: this landmark legislation aims to ensure AI safety and trustworthiness, impacting any business using AI with EU consumers. Key takeaways: 1) Different risk categories for AI systems ⚖️ 2) Transparency and compliance requirements 📑 3) Broad extraterritorial impact 🌍 Stay ahead by auditing your AI systems and keeping up with regulatory changes. Let's embrace innovation while adhering to ethical standards! 💡🔒 Read more below. #iwork4Dell #delltechnologies

🔗 "European Artificial Intelligence Act comes into force - European Commission." Great news! The European Artificial Intelligence Act has officially come into force, marking a significant milestone in the regulation of AI technologies within the EU. This act aims to ensure that AI systems developed and used in Europe are safe, transparent, and in line with the EU's fundamental rights. It's a step forward in establishing a trustworthy framework for AI, fostering innovation while protecting individuals and businesses. Let's stay informed and compliant as we navigate this new regulatory landscape. #EuropeanAIAct #Regulation #AIInnovation https://ift.tt/bqt40m1

🔍 The EU's new AI Act is here! 📜 UK firms, take note: this landmark legislation aims to ensure AI safety and trustworthiness, impacting any business using AI with EU consumers. Key takeaways: 1) Different risk categories for AI systems ⚖️ 2) Transparency and compliance requirements 📑 3) Broad extraterritorial impact 🌍 Stay ahead by auditing your AI systems and keeping up with regulatory changes. Let's embrace innovation while adhering to ethical standards! 💡🔒 Read more below. #iwork4dell #delltechnologies

Exciting news! The EU's AI Act has officially come into force. This means big changes for the tech industry in Europe. It introduces new regulations and requirements for AI systems, aiming to ensure they are transparent, accountable, and safe for use. Stay tuned for more updates on how this will impact the tech landscape. #EUAIAct #TechIndustry #Regulations https://ift.tt/bqt40m1

🔍 The EU's new AI Act is here! 📜 UK firms note that this landmark legislation aims to ensure AI safety and trustworthiness, impacting any business using AI with EU consumers. Key takeaways: 1) Different risk categories for #AI systems ⚖️ 2) Transparency and #compliance requirements 📑 3) Broad extraterritorial impact 🌍 Stay ahead by #auditing your AI systems and keeping up with #regulatory changes. Let's embrace innovation while adhering to #ethical standards! 💡🔒 Read more below. #iwork4dell

The EU #AI Act brings added complexity to compliance structures in financial services. By embracing data-driven strategies and automation, alongside creating new positions dedicated to AI governance and compliance, firms can effectively fulfill the Act's demands now and in the future. 👉 Find out more at: https://okt.to/6kO5w7 #GenaAI #FinancialServices #EUAIAct #AIgovernance

As the corporate world braces itself for a wave of new regulations to manage the impact of artificial intelligence, companies must plan for AI compliance and reallocate data governance resources. Experts in policy changes affecting the digital economy say the challenges for businesses will include adapting to each market's specific AI regulations as they spread. #artificialintelligence #aicompliance #airegulations https://lnkd.in/dRz5Qnx8

ICYMI: The EU's AI Act, passed in December 2023, marks a significant milestone in #AIregulation, aiming to ensure #safety, trustworthiness, and respect for fundamental rights. In a recent article by @happyfutureai, What Is The Impact Of The EU’s AI Act, Julie Myers Wood shares her expertise on how to be prepared. “We recommend that all companies think through what obligations they will have under the Act, what #compliance looks like for them, and start the process well in advance,” emphasized Julie. Read more here ➡️ https://lnkd.in/eAtCifUA

💡Are you planning to implement AI-powered chatbots or similar applications in your organization? Then you must comply with the EU AI Act and other pre-existing rules and regulations. 🤖 These laws need to be adhered to both internally and through contracts with the AI system provider. Providers typically offer standard contracts, which you should review carefully. In upcoming issues of our 'EU AI Act in Practice' newsletter, we will delve deeper into these legal requirements. 📩💼 (link: https://lnkd.in/djnvUNve). #ArtificialIntelligence #AIAct #AIRegulation #AICompliance #EYLaw