With a reach extending beyond the EU, we unpack what the Act means for UK businesses.
The EU AI Act (EU AIA) has been passed by the EU Parliament and will regulate Artificial Intelligence (AI) in the EU by 2026. Its reach will extend beyond the EU, however, and affect more than just tech companies. Businesses in the UK that develop or deploy an AI system that is used in the EU will need to comply with the EU AI Act.
So, what are the requirements of the EU AIA?
The EU AIA takes a tiered risk approach, with each tier subject to differing levels of regulation, from transparency notices to human oversight and technical provisions. (See chart below for details of each tier).
The EU’s newly established AI Office will oversee the implementation of the EU AIA, respond to complaints, and evaluate general purpose models’ compliance. Much of the intricacies of how the EU AIA will be interpreted will become clear as different EU agencies initiate the implementation of the Act.<
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