The EU’s Artificial Intelligence act: How will it impact your life and business?

16/10/2021 - 18:28

In April 2021, the European Commission released a proposal for the regulation of AI, the Artificial Intelligence Act (AIA), with the goal to balance the benefits of AI with its risks. The draft regulation takes a risk-based approach, differentiating between AI use cases that create

(i) an unacceptable risk and are therefore prohibited, e.g. AI-based social scoring for general purposes done by public authorities; real-time remote biometric identification systems in publicly accessible spaces for the purpose of law enforcement (with exceptions),

(ii) a high risk to health, safety, or fundamental rights of individuals; those high-risk AI systems are permitted (e.g. recruitment, medical devices), subject to compliance with certain mandatory requirements and ex-ante conformity assessment,

(iii) ‘transparency’ risk; those are permitted subject to information obligations: notifying humans that they are interacting with AI Systems; notifying humans that they are exposed to emotional recognition systems or biometric categorization systems; applying labels to deep fakes (with exceptions),

(iv) low or minimal risk: no restrictions; a voluntary code of conduct is proposed.