Global Big Data Conference

The Artificial Intelligence Act was introduced to the European Union in April 2021, and is rapidly progressing through comment periods and rewrites. When it goes into effect, which experts say could occur at the beginning of 2023, it will have a broad impact on the use of AI and machine learning for citizens and companies around the world. The AI law aims to create a common regulatory and legal framework for the use of AI, including how it's developed, what companies can use it for, and the legal consequences of failing to adhere to the requirements. The law will likely require companies to receive approval before adopting AI for some use cases, outlaw certain other AI uses deemed too risky, and create a public list of other high-risk AI uses. At a broad level, the law seeks to codify the EU's trustworthy AI paradigm, according to an official presentation on the law by the European Commission, the continent's governing body.