Summary
The EU AI Act is the world's first comprehensive legal framework for artificial intelligence. It establishes a risk-based approach, categorizing AI systems based on their potential harm. The regulation imposes varying obligations depending on whether an AI system is classified as minimal risk, limited risk, high-risk, or prohibited. High-risk AI systems face the most stringent requirements, including risk assessments, data governance, human oversight, and transparency obligations.
Key Obligations
- •Conduct risk assessments for high-risk AI systems
- •Implement robust data governance practices
- •Ensure human oversight for high-risk AI systems
- •Maintain technical documentation and activity logs
- •Register high-risk AI systems in the EU database
- •Provide transparency information to users
- •Implement quality management systems
- •Ensure accuracy, robustness, and cybersecurity
Enforcement
Regulator
National Supervisory Authorities in each EU Member State, coordinated by the European Artificial Intelligence Board (EAIB)
Penalties
Up to €35 million or 7% of global annual turnover (whichever is higher) for the most serious violations
Audit Mechanism
Conformity assessments, including third-party assessments for certain high-risk AI systems; market surveillance by national authorities
Applicable To
- •AI system providers placing AI systems on the EU market
- •Importers and distributors of AI systems
- •Deployers of high-risk AI systems
- •Providers and deployers of general-purpose AI models
- •Organizations using AI systems that impact EU citizens
AI-GPM Coverage
Our platform provides comprehensive coverage for EU AI Act compliance, including automated risk assessments, continuous monitoring of high-risk AI systems, documentation generation, and compliance reporting. We help you identify which of your AI systems fall under the Act's scope, determine their risk classification, and implement the required controls.
Resources
EU AI Act Timeline
April 2021
Initial proposal published by European Commission
First draft of the EU AI Act introduced, proposing a risk-based approach to AI regulation
December 2023
Political agreement reached
EU Parliament and Council reach political agreement on the final text
March 2024
Final approval
EU Parliament formally approves the AI Act
Mid-2024
Entry into force
AI Act enters into force 20 days after publication in the Official Journal
2025-2026
Phased implementation
Gradual implementation of different provisions, with most requirements becoming applicable within 24 months
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