EU Issues AI Act Guidelines to Support Business Compliance
The European Commission has issued guidelines to aid businesses in complying with the EU's Artificial Intelligence Act. Henna Virkkunen, the Executive Vice-President for Tech Sovereignty, Security and Democracy, supports these innovation-friendly policies. The AI Act, set to apply from August 2, 2024, will impose fines of up to 35 million euros for violations.
The AI Act targets AI models with systemic risks and foundation models, requiring them to carry out model evaluations, assess and mitigate risks, conduct adversarial testing, report serious incidents, and ensure cybersecurity protection. These guidelines aim to address criticism and provide clarity to businesses, supporting the smooth application of the AI Act, as stated by Virkkunen.
Companies have until August 2, 2025, to comply with these regulations. Notably, general-purpose AI or foundation models must provide transparency requirements such as technical documentation, copyright policies, and detailed summaries about training content.
The EU's AI Act, with its associated guidelines, is set to significantly impact AI models with systemic risks and foundation models. Companies must adhere to these regulations to avoid substantial fines, with compliance expected by August 2, 2025. The EU continues to promote innovation while ensuring the security and safety of its citizens.
Read also:
- Emergency services of the future revealed by Renault with the introduction of the Vision 4Rescue vehicle.
- SonicWall executive Michael Crean discusses the current state of managed security
- Companies exercise prudence towards AI adoption, ensuring secure implementation: Exploring safeguards and strategies.
- Stolen Brain Data of Sinner and Leclerc (Yellow chroma), previously held in China, repurposed for military training purposes.
