The Prospect of EU-Led Artificial Intelligence Regulation

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By David Lobina | 4Q 2021 | IN-6354

 

What the EU Proposes to do to Regulate AI

NEWS


Building upon the guiding principle of a “trustworthy” Artificial Intelligence (AI) first made public by the European Union (EU) in 2019, in April 2021, the European Commission published its highly anticipated Proposal for an AI Act (Regulation (EU) 2021/0106). The Act lays out a legal framework to regulate AI systems by following a proportionate risk-based approach. Based on a four-tiered scheme, each tier sets requirements and obligations for providers and users to take into account the range of potential risks to health, safety, and fundamental rights that AI systems can pose. It is the most ambitious attempt to regulate AI technologies to date. With its extraterritorial scope, the Act is very likely to produce a “Brussels Effect”– businesses who place AI systems in the EU or whose systems produce outputs used in the EU will have to adapt to the rules. Indeed, much as has been the case with the General Data Protection Regulation (GDPR), EU rules are often considered an international gold standard– over 100 countries have adopted data prot…

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