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🚀 Exciting News! 🚀   The time has come. Mark your calendars for 1 August 2024, as the AI Act officially comes into force! This landmark regulation aims to shape the future of AI governance in the EU, with key dates to note:   🔹 2 February 2025: Rules on General Purpose AI Systems and AI Literacy kick in. 🔹 2 May 2025: AI Office codes of practice must be ready. 🔹 2 August 2025: Penalties and rules on General Purpose AI systems become effective. 🔹 2 August 2026: Full AI Act applies, including Annex III High-Risk AI systems. 🔹 2 August 2027: Rules for Annex I AI systems come into effect (e.g., AI in safety components governed by EU regulations).   Worried about how you can best navigate these changes and ensure compliance?     Reach out to us at [email protected] for expert support in AI governance.    Let's innovate responsibly and stay ahead together! 🌟   #AI #AIGovernance #AIACT #AITechUK #Innovation #Compliance AI Tech UK Smart Ethics

📢 The EU AI Act is here, and it's a game-changer for businesses. It´s a groundbreaking legislation that sets the global standard for AI regulation and it aims to ensure that AI systems are developed and used in a trustworthy manner, respecting fundamental rights and safety. It´s time to take proactive steps to ensure your organization is "ready": • Ensure Compliance: Review and update your AI systems and processes to comply with the Act's requirements, such as data governance, transparency, and risk assessment. • Risk Assessment: Conduct thorough risk assessments to identify and mitigate potential risks associated with your AI systems. • Data Governance: Establish robust data governance practices to ensure the lawful, fair, and transparent use of data. • Transparency: Provide clear and transparent information about how your AI systems work, including their capabilities and limitations. • Ethics and Accountability: Implement ethical guidelines and accountability mechanisms to ensure that AI systems are used responsibly. ⚖️ Download our updated Whitepapers and grasp the essential requirements and obligations outlined by the EU AI Act: https://deloi.tt/4ctuxyJ 🛡️ Join our webcast on June 27 th to learn more about the EU AI Act, its key provisions, and the timeline for compliance: https://deloi.tt/3KTynpm Don't miss out on his opportunity to gain valuable insights and prepare your organization for the future of AI regulation. #AIAct #EUAIRegulation #AIcompliance #AIethics

Further underpinning the case to secure your AI initiatives!

Governments worldwide are taking urgent steps to regulate artificial intelligence, addressing key concerns around data privacy, bias, and safety. The increasing reliance on AI in various sectors necessitates a framework that fosters innovation while protecting consumers and businesses alike. In our discussion with Nerijus Šveistys, Senior Legal Counsel at Oxylabs, we gained insights into the current landscape of AI regulation. He highlights how emerging regulations could shape industries by enforcing accountability and ethical standards. For companies leveraging AI technologies, this presents both challenges and opportunities. Businesses must stay ahead by implementing robust compliance protocols to meet new regulatory requirements. Adopting transparent practices in data handling can enhance consumer trust and reputation—crucial for sustained growth. As the conversation about AI governance evolves, it's essential for industry leaders to engage actively in these discussions. Keeping an eye on regulatory developments is not just advisable; it's vital for staying competitive. What are your thoughts on the rapid move towards regulating AI? How do you foresee it impacting your industry? Share your experiences below! 🔗 Read more about this topic: [AI governance: Analysing emerging global regulations](https://lnkd.in/g7a_yy9V) #ArtificialIntelligence #AIGovernance #DataPrivacy Check out 🔔 gigabai.com 🔔 to automate your workflow today.

💠 Navigating the Complexities of AI Regulation: A Legal Perspective As artificial intelligence (AI) continues to transform various industries, the legal landscape is evolving to address both the challenges and opportunities it presents. The European Union's AI Act stands as one of the most comprehensive regulatory frameworks to date, aimed at ensuring the safe and ethical deployment of AI technologies across Europe. 👉 Key Highlights of the EU AI Act: ✅ Risk-Based Approach: The Act categorizes AI systems into different risk levels—unacceptable, high, limited, and minimal—to tailor regulatory requirements accordingly. ✅ Transparency Requirements: It mandates clear disclosures when interacting with AI systems, with particular emphasis on high-risk scenarios, to promote transparency and informed decision-making. ✅ Accountability and Compliance: Stringent requirements are imposed on developers and users of high-risk AI systems to ensure adherence to safety and fairness standards. ✅ Innovation Support: The Act provides regulatory sandboxes to encourage innovation while maintaining robust safeguards, fostering an environment where new technologies can be tested responsibly. For legal professionals, the EU AI Act represents both a challenge and an opportunity. It necessitates continuous engagement with evolving regulations, adaptation of legal practices, and guidance for clients in navigating AI compliance complexities. #ArtificialIntelligence #MetaCensorship #LegalTech #Compliance #Innovation #EUAIAct #RegulatingAI

🚀 𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗡𝗲𝘄𝘀: 𝗧𝗵𝗲 𝗘𝗨'𝘀 𝗔𝗜 𝗔𝗰𝘁 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗙𝗶𝗻𝗮𝗹 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹! 🚀 The European Union has officially adopted the world's first comprehensive regulations on Artificial Intelligence, setting a global standard for AI development and deployment. This landmark AI Act is designed to foster innovation while ensuring trust, safety, and fundamental rights. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: 🔍 Boosting Trust: The AI Act introduces strict compliance requirements, particularly for high-risk AI systems, ensuring they undergo rigorous assessment and transparency obligations before hitting the market. This fosters greater public trust in AI technologies by prioritizing user safety and ethical standards. 👨💼 Transforming Auditors' Work: Auditors will play a crucial role in this new regulatory landscape. They will be an important part of verifying AI systems' adherence to the new standards, conducting conformity assessments, and overseeing ongoing compliance. This not only elevates the importance of our work but also requires new skills and expertise in AI technologies. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 1. Risk-Based Approach: AI systems are categorized into minimal, limited, high, and unacceptable risk levels, with corresponding regulatory requirements. 2. Transparency & Accountability: High-risk AI systems must be registered, carry a CE marking, and undergo continuous oversight. 3. Global Impact: The AI Act is expected to influence AI regulations worldwide, similar to the "Brussels Effect" seen with GDPR, prompting other regions to adopt similar standards. The EU's bold move underscores the importance of ethical and trustworthy AI and sets a precedent for global AI governance. As we navigate this new era, the role of auditors and compliance professionals will be pivotal in ensuring these technologies are safe, trustworthy, and aligned with societal values. #AI #ArtificialIntelligence #EUAIAct #TrustInTech #Regulation #FutureofAudit #Innovation #TrustworthyAI

𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 𝗢𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗙𝗶𝗿𝘀𝘁-𝗘𝘃𝗲𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗔𝗜 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 🌐 The Council of the European Union has officially approved the AI Act, the first global regulation on artificial intelligence. This legislation adopts a risk-based approach to maintain the AI systems safe, trustworthy, and aligned with EU values. 𝗧𝗵𝗲 𝗔𝗜 𝗔𝗰𝘁 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀: 📌 Risk-Based Categorisation: AI systems are categorised by risk levels, with stricter rules applied to high-risk applications. This ensures that the most potentially impactful AI technologies are subject to standards. 📌Banned Practices: Certain AI practices, such as social scoring and predictive policing, are outright banned under this legislation, reflecting a commitment to ethical AI usage. 📌Governance and Enforcement: The Act establishes new governance bodies responsible for enforcing compliance, ensuring that AI systems adhere to these new regulations. 📌Transparency and Accountability: Companies must meet stringent transparency and accountability requirements, securing trust in AI technologies. The AI Act will be officially published soon and will take effect two years after its publication. This timeframe is important for businesses to build full compliance with the new regulations. Companies are urged to stay informed and prepare for potential future regulatory updates that may impose even stricter requirements. For further details, please refer to: https://lnkd.in/d3933wu8 Follow Prighter and stay tuned for more updates. #DataPrivacy #Privacy #Compliance #DataProtection #EURepresentative #UKRepresentative #TurkeyRepresentative #AI #AIAct #Innovation #Regulation #EU #Technology #ArtificialIntelligence

🚀 The EU AI Act: A New Era of AI Regulation! 🚀 The European Union’s groundbreaking AI Act is here, setting a global standard for AI systems by ensuring the protection of fundamental rights and safety. 🌍✨ 🔍 Key Highlights: Risk-Based Framework: AI systems are categorized by risk levels, with specific requirements for each. Robust Enforcement: National authorities and the European AI Office will oversee compliance, with significant penalties for non-compliance. Global Impact: The Act extends beyond the EU, affecting organizations worldwide if their AI systems impact EU citizens. 💡 Why It Matters: This landmark legislation prioritizes transparency, trust, and ethical AI practices, paving the way for a human-centric AI ecosystem. It’s a pivotal moment for AI regulation, encouraging responsible AI development globally. 📅 Next Steps: Organizations are encouraged to join the voluntary AI pact and lead the way in compliance. The full applicability of the Act is set for two years, with some provisions taking effect sooner. Let’s embrace this transformative legislation and shape a future where AI benefits both businesses and society. 🤖💼 Join the conversation and share your thoughts on this groundbreaking legislation in the comments below! 👇 #EUAIAct #ArtificialIntelligence #Regulation #Ethics #AICompliance

🚀 Exciting News in AI Regulation! 🌍 The European Union has just inaugurated a dedicated office to oversee the seamless implementation of the AI Act. This landmark regulation adopts a risk-based approach to ensure the ethical and secure deployment of high-risk AI applications across member nations. With 140 experts grouped into specialized units—regulation, compliance, safety, and innovation—this initiative is a significant stride towards establishing the EU as a frontrunner in both AI safety and innovation on a global scale. Having worked in AI compliance myself, I've seen first-hand the intricate dance between fostering innovation and ensuring safety. It reminds me of the early days setting up compliance protocols at startups—balancing the excitement of innovation with the meticulousness of safety measures. 🤔 What are your thoughts on this risk-based regulatory approach? Could this model influence global standards for AI? 👇 Share your experiences or insights on balancing innovation and regulation in AI or other tech fields! #AI #EuropeanUnion #Innovation #TechnologyRegulation #AISafety #Compliance #EthicalAI