AI Governance and the EU AI Act

The AI Act is an EU regulation, which lays down a uniform legal framework for the development, placing on the market, putting into service and use of artificial intelligence (AI) systems, in accordance with European Union values. The new legislation is designed to support innovation and promote the uptake of human centric and trustworthy AI, while protecting against the harmful effects of AI systems by ensuring a high level of protection of health, safety, and fundamental rights, including democracy, the rule of law and environment. The AI Act creates a new regulatory framework, which will not only create conditions to enter and remain in the market but will also have significant impact on the reputation and positioning, competition, and associated opportunities, as well as operation and liabilities of companies developing and using AI.

Who does it apply to? The scope of the Act extends to providers, users, importers, and distributors of AI systems within the EU, EU users consuming AI systems irrespective of their origins, and non-EU providers or users whose outputs are consumed within the EU.

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