The EU is continuously working on the development of a future AI regulation. The EU Council has now adopted its common position after the European Commission presented its initial draft for an AI regulation.
This proposal for an AI regulation adopts a risk-based approach to the classification of AI systems, which, among other things, generally prohibits artificial intelligence with an unacceptable level of risk.
AI systems that do not even fall into the low-risk category will have unrestricted access to the European market and thus will not be subject to any further obligations beyond existing legislation. The remaining categories include high-risk AI systems and low-risk AI systems. Both will have to meet the requirements of the future AI Regulation in order to be legally deployed. Otherwise, non-compliance may result in penalties.
The final adoption and immediate applicability of the regulation across the European Union is expected in 2025. Stay tuned for our next blog post, where we will discuss the AI Regulation in more detail.