Silvan Schriber’s Post

To prove my point about EU and their Paleozoic way of thinking

The council of the European Union has officially approved the artificial Intelligence (AI) Act on Tuesday 21 May 2024, a landmark legislation designed to harmonise rules on AI within the EU. This pioneering law, which follows a “risk-based” approach, aims to set a global standard for AI regulation. Marking a final step in the legislative process, the Council of the European Union today approved the EU AI Act. In March, the European Parliament overwhelmingly endorsed the AI Act. The Act will next be published in the Official Journal. The law begins to go into force across the EU 20 days afterward. Matthieu Michel, Belgian Secretary of Digitalization, said "With the AI act, Europe emphasizes the importance of trust, transparency and accountability when dealing with new technologies" Before a high-risk AI system is deployed for public services, a fundamental rights impact assessment will be required. The regulation also provides for increased transparency regarding the development and use of high-risk AI systems. High-risk AI systems will need to be registered in the EU database for high-risk AI, and users of an emotion recognition system will have to inform people when they are being exposed to such a system. The new law categorises different types of artificial intelligence according to risk. AI systems presenting only limited risk would be subject to very light transparency obligations, while high-risk AI systems would be authorised, but subject to a set of requirements and obligations to gain access to the EU market. AI systems such as, for example, cognitive behavioural manipulation and social scoring will be banned from the EU because their risk is deemed unacceptable. The law also prohibits the use of AI for predictive policing based on profiling and systems that use biometric data to categorise people according to specific categories such as race, religion, or sexual orientation. To ensure proper enforcement, the Act establishes: ➡ An AI Office within the Commission to enforce the rules across the EU ➡ A scientific panel of independent experts to support enforcement ➡ An AI Board to promote consistent and effective application of the AI Act ➡ An advisory forum to provide expertise to the AI Board and the Commission Corporate boards must be prepared to govern their company for compliance, as well as risk and innovation in relation to the implementation of AI and other technologies. Optima Board Services Group advises boards on governing a broad range of tech and emerging technologies as a part of both the ‘technology regulatory complexity multiplier’ TM and the ‘board digital portfolio’ TM. #aigovernance #artificialintelligencegovernance #aiact #compliance #artificialintelligence #responsibleai #corporategovernance https://lnkd.in/gNQu32zU

#artificialintelligence: The final stages of negotiations for the EU AI Act, was always going to be a testing time. At the political trilogue on 24 October 2023, there seemed to be a consensus to introduce rules for foundation models based on a tiered approach by introducing tighter rules for the most powerful models that are likely to have more impact on society. Now, this consensus has been broken down by French and German opposition. This threatens the whole agreement and law. Luca Bertuzzi reports. See update: https://lnkd.in/eKUxTAZp #data #machinelearning #euaiact #technology PrivacySolved Euractiv

Another historic breakthrough in #ArtificialIntelligence! 🤖✨ The Council has given the green light to the world's first legislation on AI: the Artificial Intelligence Act. This groundbreaking Act takes a risk-based approach 📊 meaning that the higher the risk of causing harm to society, the stricter the rules will be. Main objectives: 🔹 Encourage the development of safe and reliable AI systems in the EU single market. 🔹 Respect the fundamental rights of EU citizens. 🔹 Boosting investment and innovation in AI in Europe 🌍🚀 The new legal framework classifies AI systems according to their level of risk: ✅ Limited risk: light transparency obligations. ⚠️ High risk: strict requirements to access the EU market. ❌ Unacceptable risk: prohibited (e.g., cognitive-behavioral manipulation, social scoring). In addition, the law creates a new governance architecture: 🏢 AI Office in the Commission to enforce common rules. 🔬 Scientific panel of independent experts. 🌐 IA board with representatives of member states. 💼 Advisory forum to provide technical expertise. Proportionate penalties for infringements are established and an innovation-friendly legal environment is fostered through regulatory sandboxes 🛡️📈. #Al #Council #Europe #Innovation #Regulation #Tech #AIAct

EU countries today agreed on the technical details of the AI Act, the world's first attempt to regulate the technology according to a risk-based approach, following a political agreement in December. The European Parliament added a new article with an extensive list of obligations to ensure these systems respect fundamental rights as the EU executive’s plan included no provisions for foundation models. The Act will go in front of the European Parliament for formal approval in the coming months, with a plenary vote expected in April. Any amendments proposed by concerned countries in the meantime will lead to additional negotiations, slowing down the process. #artificialintelligence #neuralnetworks #rlhf #genrativeai #europeanunion #largelanguagemodel https://lnkd.in/e9iTmawc

Consensus building - European style❗️”World’s first AI rulebook.” “After a 36-hour negotiating marathon, EU policymakers reached a political agreement on what is set to become the global benchmark for regulating Artificial Intelligence.” - Euractiv “What do AI developers need to know? Developers of AI systems deemed to be high risk will have to meet certain obligations set by European lawmakers, including mandatory assessment of how their AI systems might impact the fundamental - RIGHTS - of citizens. This applies to the insurance and banking sectors, as well as any AI systems with “significant potential harm to health, safety, fundamental rights, environment, democracy and the rule of law.” - Owen Hughes TechRepublic “The EU AI Act will transform practices for #aigovernance in the US.” - ALM #euaiact #euro #eucommission #consensus #aicommunity #aiadvancements Dr. Cari Miller

🌟 Today the Council approved a ground-breaking law aiming to harmonize rules on artificial intelligence, the so-called Artificial Intelligence Act. This flagship legislation follows a ‘risk-based’ approach, meaning the higher the risk to cause harm to society, the stricter the rules. It's the first of its kind in the world and can set a global standard for AI regulation. 🌍 The new law aims to foster the development and uptake of safe and trustworthy AI systems across the EU’s single market by both private and public actors. At the same time, it aims to ensure respect for the fundamental rights of EU citizens and stimulate investment and innovation in artificial intelligence in Europe. 🤖💡 The AI Act applies only to areas within EU law and provides exemptions such as for systems used exclusively for military and defense as well as for research purposes. The adoption of the AI Act is a significant milestone for the European Union. This landmark law addresses a global technological challenge that also creates opportunities for our societies and economies. With the AI Act, Europe emphasizes the importance of trust, transparency, and accountability when dealing with new technologies, while ensuring this fast-changing technology can flourish and boost European innovation. 🚀🔍 #AI #ArtificialIntelligence #AIACT #Innovation #Technology #EU #Legislation #Trust #Transparency #Accountability #EuropeanUnion #TechNews

There is no doubt that the new EU Artificial Intelligence Act sets a new regulatory framework that companies need to understand to remain competitive. My colleagues from Lexavy LLC can help you if you want to deep dive in this topic.

As anticipated last week, Today March 13, the EU Artificial Intelligence Act #AIACT was approved by European Parliament on a 523-46 vote. Now the text needs to be localized into various languages by the lawyer linguists and final text approval will likely happen sometime in April and putting the entry into force date closer to May. As I am strong believer in #versioning and #progressvsperfection, I think this is a great milestone towards a regulation that aim to promote the uptake of human-centric and trustworthy AI innovation, while ensuring a high level of protection for health, safety, fundamental rights and environmental protection against harmful effects of artificial intelligence systems. So organizations should take a proactive approach by becoming familiar with how the AI Act will affect their work now!

Having had a look on the recent political agreement on the AI Act, a closer look shows that the implications for compliance will need a lot of clarification ahead. While the EU AI Act is designed to be a comprehensive cross-sector regulation, ensuring AI systems are safe and aligned with EU values, the reality may be somewhat different. The act is expected to generate an extensive array of formal and informal regulations, presenting a challenging landscape for compliance. The need for detailed testing, documentation, and transparency for high-risk AI systems could complicate procedures. The multitude of market surveillance authorities that can enforce the AI act could make the EU market a complex web for AI developers to navigate. The EU's pioneering steps are just the beginning, and it is indispensable to ensure that innovation and compliance move forward hand in hand. #EUAIAct #AIRegulation #Compliance #LegalTech #Innovation #EuropeanUnion #AIPolicy