On 21 April 2021, the European Commission (the “Commission”) published its proposal for the Artificial Intelligence (“AI”) Regulation (the “Draft Regulation”). It represents the Commission’s attempt to regulate AI technologies, setting out a cross-sectoral regulatory approach to the use of AI systems across the European Union (“EU”) and its Single Market. The Commission aims to make the rules for AI consistent across the EU with this regulation and thereby ensure legal certainty, encourage investment and innovation in AI, and build public trust that AI systems are used in ways that respect fundamental rights and European values…
The Draft Regulation is set to come into effect by early 2023 and once effective, could be applicable to providers, users, importers, and distributors of AI systems in the second half of 2024.
To read the full Draft Regulation please click here.
For more information, and any guidance or advice on the EU AI Regulation, Cleveland & Co External in-house counsel™, your specialist outsourced legal team, are here to help.