1 minute read | August.12.2024
Employers in the European Union face new compliance obligations under the EU AI Act, a new set of rules that regulates the use of artificial intelligence
Businesses that use AI in their operations should understand and comply with the sweeping new law, the first of its kind in the world. The AI Act imposes requirements that vary depending on an AI system’s level of risk.
What Employers Should Consider Doing
The requirements involving high-risk AI systems apply from Aug. 2, 2026, or Aug. 2, 2027, depending on the type of system.
Penalties for Violating the Law
A Final Word for Employers
The AI Act came into force on August 1, 2024. It does not require any further implementation by EU member states.
The landmark legislation sets the standards for ethical and responsible use of AI in the EU, aiming to balance protecting human rights and promoting innovation.
It’s important for employers to understand the new rules and their implications. They should ensure compliance and accountability.
Employers also should take advantage of the opportunity the law offers to demonstrate their commitment to human-centric and value-based AI, and to foster a culture of innovation and excellence.