The AI Act also includes transparency requirements for generative AI and provisions to support innovation, offering start-ups and SMEs opportunities to develop and train AI models. The law will be fully applicable 24 months after entry into force, with some parts applicable sooner. High-risk systems will have more time to comply with the requirements, becoming applicable 36 months after the law's entry into force.
Key takeaways:
- The AI Act will regulate the use of artificial intelligence in the EU, classifying AI systems according to the risk they pose to users.
- Unacceptable risk AI systems, such as those that manipulate behavior or use biometric identification, will be banned, with some exceptions for law enforcement purposes.
- High-risk AI systems, those that negatively affect safety or fundamental rights, will be assessed before being put on the market and throughout their lifecycle.
- Generative AI, like ChatGPT, will not be classified as high-risk, but will have to comply with transparency requirements and EU copyright law.