The European Union's (EU) AI Act, effective since August 2024, requires EU member states to establish regulatory sandboxes for AI systems by August 2026. However, many details remain unclear. This paper presents key insights from the "HI Ethics Forum Webinar: Regulatory Sandboxes Under the EU...
Summary of the EU AI Act risk-based approach This risk-based approach is what differentiates the EU AI Act from the GDPR. Instead of defining a list of AI systems that are prohibited or high-risk, the Act offers a systematic approach to decide how much risk an AI system presents to soc...
A survey published by the Bank of England in 2022 isaid that over 72% of respondent firms were using or developing machine learning applications, and that trend is expected to increase. In addition, AI applications are becoming increasingly embedded in day-to-day operations and becoming more cri...
The EU AI Act, the world’s first piece of legislation regulating the deployment and use of artificial intelligence, officially entered into force on August 1st 2024. While companies won’t be subject to the act straightaway, it’s vital that all organisations are aware of how they will be...
ESG frameworks are used by organizations for the purpose of publicly reporting detailed environmental, social and governance (ESG) metrics of the business.
AI has become central to many of today's largest and most successful companies, including Alphabet, Apple, Microsoft and Meta, which use AI to improve their operations and outpace competitors. At Alphabet subsidiary Google, for example, AI is central to its eponymous search engine, and self-dri...
As AI's capabilities and business benefits have grown, however, so have its complexities and risks, driving governments worldwide to address how best to protect the public while not stifling innovation. The urgency of AI regulation Governments today are laser-focused on regulating AI. Perennial con...
Application outside the EU The EU AI Act also applies to providers and deployers outside of the EU if their AI, or the outputs of the AI, are used in the EU. For example, suppose a company in the EU sends data to an AI provider outside the EU, who uses AI to process the data...
The AI Act is finally here and big changes are on the way. Here are the key details of the Act and the tips businesses should heed before its full arrival. The EU’s AI Act – its landmark regulation to rein in the growing power of artificial intelligence – has officially entered i...
The EU AI Act adopts a risk-based approach to regulating AI. AI systems are classified into different risk categories based on criteria such as their application and target audience. The law then defines measures that companies using or selling AI systems must implement, depending on the risk ...