Leaked Drafts of EU Artificial Intelligence Act Shed Light on its Implications for Companies

Summary
The leaked drafts of the proposed EU Artificial Intelligence Act, which surfaced on January 22, 2024, have provided the public with a much-anticipated glimpse into the regulatory framework that will govern AI in the EU. This Act is set to have significant implications for companies involved in AI development, usage, and the provision of AI-generated content for professional activities within the EU. Although the leaked text is not yet in its final form, it is anticipated that there will be no significant alterations. As the remaining provisions of the draft EU AI Act are being finalized in the coming weeks, businesses are strongly encouraged to actively participate in the process to ensure their voices are heard regarding the intricate details of the Act. The Global Akin AI Group is available to discuss the draft EU AI Act, and other AI developments at your convenience.