What is the EU AI Act?
The AI Act is a European regulation on artificial intelligence (AI) – the first comprehensive regulation on AI by a major regulator anywhere. The Act assigns applications of AI to three risk categories. First, applications and systems that create an unacceptable risk, such as government-run social scoring of the type used in China, are banned. Second, high-risk applications, such as a CV-scanning tool that ranks job applicants, are subject to specific legal requirements. Lastly, applications not explicitly banned or listed as high-risk are largely left unregulated.
Why should you care?
AI applications influence what information you see online by predicting what content is engaging to you, capture and analyse data from faces to enforce laws or personalise advertisements, and are used to diagnose and treat cancer. In other words, AI affects many parts of your life.
Like the EU’s General Data Protection Regulation (GDPR) in 2018, the EU AI Act could become a global standard, determining to what extent AI has a positive rather than negative effect on your life wherever you may be. The EU’s AI regulation is already making waves internationally – in late September 2021, Brazil’s Congress passed a bill that creates a legal framework for artificial intelligence.
How can organisations apply it?
We have developed an AI Act Compliance Checker to help SMEs and startups better understand whether they might have any legal obligations under the EU AI Act or whether they may implement the Act solely to make their business stand out as more trustworthy. This tool can help give an indication about what obligations your system might face.
Please note that our tool is a simplification. It is still a work in progress.