Executive Order 14110: Understanding Its Impact on Federal Emergency Powers
Key Takeaways Executive Order (EO) 14110 is an order issued by the United Stats Federal Government ordering certain actions in
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The EU AI Act has just received final approval from Europe’s institutions, and will become law in due course.
Some technical details still remain to be worked at in the coming months.
As of December 9, 2023, European institutions have agreed on the final form of the EU AI Act. Read on to find out what they have agreed to and what the next steps for implementation of the law are.
The EU AI Act, first proposed by the European Commission in April 2021, underwent a comprehensive process of negotiation and revision. The European Parliament approved its version of the draft Act in June 2023. Following intense negotiations, European Parliament negotiators and the Council presidency reached a final agreement on the Act on December 9, 2023. This agreement represented the culmination of a collaborative process involving multiple EU institutions.
The final version of the Act, confirmed on December 9, was a result of consensus among the European Parliament, the European Council (representing EU member states), and the European Commission. After the agreement on the text, it still required technical refinement and formal approval by the European countries and the EU Parliament. Once these steps were completed, the Act officially entered into law, setting the stage for its implementation.
The EU AI Act is comprehensive, applying to AI systems used within the EU, irrespective of the provider’s location. It categorizes AI systems based on the risk they pose, ranging from unacceptable to minimal risk, and imposes corresponding obligations. High-risk systems, for instance, are subject to rigorous assessment and compliance requirements.
The Act bans AI practices deemed as unacceptable risk, such as social scoring and certain biometric recognition uses. It also imposes strict requirements on high-risk AI systems, including mandatory fundamental rights impact assessments and transparency obligations. Limited risk AI systems are subject to lighter regulations like informing users of AI interaction.
Companies have two years to comply with the Act’s requirements, with varying timelines for specific provisions. Non-compliance can result in substantial fines, calculated as a percentage of the firm’s global annual turnover or as a fixed sum, whichever is higher.
Finalization of the Act’s Text: Although the EU AI Act has been agreed upon, the final wording of the bill is still pending. This involves technical refinement and adjustments to ensure clarity and effectiveness of the provisions.
Approval by EU Member States and Parliament: The refined text of the AI Act needs to be formally approved by the member states of the European Union and the European Parliament. This is a crucial step for the Act to officially become law.
Transition Period for Implementation: After the Act officially enters into law, there will be a transition period for its implementation. Tech companies and other entities affected by the Act will have two years to comply with the new regulations. This period is critical for businesses to understand the requirements, assess their current systems and practices, and make necessary adjustments to ensure compliance.
Application of Specific Provisions: Different provisions of the Act have varied timelines for coming into effect. For instance, the bans on certain uses of AI will apply after six months from the Act’s enforcement. Companies developing foundation models will need to comply with the law within one year of its enforcement.
Establishment of Monitoring and Enforcement Mechanisms: The Act calls for the creation of a new European AI Office to oversee compliance and enforcement. This body will coordinate the implementation across the EU and ensure that the Act’s provisions are being followed.
Ongoing Review and Adaptation: Given the rapidly evolving nature of AI technology, the EU may update the Act’s provisions and measures to address new developments and challenges in the field of AI.
Global Compliance and Impact: Since the Act applies to AI systems used within the EU, regardless of where they are developed, international companies will also need to prepare for compliance. This could have a broader impact on the global AI industry, similar to the influence of the General Data Protection Regulation (GDPR).
Drew is regulatory expert, specializing in AI regulation and compliance
The EU’s three core institutions have agreed on the core aspects of the EU AI Act. Now it will go through a technical process to determine the final details.
It applies two years after it passes into law.
Key Takeaways Executive Order (EO) 14110 is an order issued by the United Stats Federal Government ordering certain actions in
Key Takeaways AI is increasingly deployed in the healthcare context including in predictive analytics, diagnostics and post-intervention care. As with
Key Takeaways Executive Order (EO) 14110 is an order issued by the United Stats Federal Government ordering certain actions in
Key Takeaways AI is increasingly deployed in the healthcare context including in predictive analytics, diagnostics and post-intervention care. As with
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