artificial intelligence

Keypoint: The AI Act is the first legislation of its kind and is expected to have a significant impact on companies globally.

The European Parliament recently voted in favor of the Artificial Intelligence Act (“AI Act”) with overwhelming majority. Once finalized, the AI Act will have widespread impact for entities using artificial intelligence (“AI”) in their business operations. Similar to the European Union’s (“EU”) General Data Protection Regulation, the AI Act will apply extraterritorially to providers placing on the market or putting into service AI systems in the EU, irrespective of whether those providers are established in the EU or in a third country.

The AI Act is dense and expansive. For entities looking for an introduction to the topic, below we provide a brief overview of the current legislation, as well as what you can expect procedurally as the AI Act progresses toward final passage.Continue Reading An Introduction to the EU AI Act