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AI models with systemic risks given pointers on how to comply with EU AI rules
BRUSSELS, July 18 (Reuters) - The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act). The move aims to counter
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AI models with systemic risks given pointers on how to comply with EU AI rules - The Economic Times
The move aims to counter criticism from some companies about the AI Act and the regulatory burden while providing more clarity to businesses which face fines ranging from 7.5 million euros ($8.7 million) or 1.5% of turnover to 35 million euros or 7% of global turnover for violations.The European
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The European Commission has released guidelines to help AI models with systemic risks comply with the EU's new AI Act, aiming to clarify regulations and address industry concerns.
The European Commission has taken a significant step in regulating artificial intelligence by issuing guidelines to help AI models with systemic risks comply with the European Union's new AI Act. This move comes as a response to industry concerns about regulatory burdens and aims to provide clarity on the implementation of the AI Act, which became law last year
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Source: Reuters
The AI Act will come into effect on August 2, 2024, for AI models deemed to have systemic risks and foundation models. This includes AI systems developed by major tech companies such as Google, OpenAI, Meta Platforms, Anthropic, and Mistral. However, companies have been given a grace period until August 2, 2025, to ensure full compliance with the legislation
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.The Commission has defined AI models with systemic risks as those possessing very advanced computing capabilities that could significantly impact public health, safety, fundamental rights, or society at large. This broad definition encompasses a wide range of AI applications that have the potential to influence critical aspects of human life and social structures
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.AI models classified as having systemic risks will be subject to stringent compliance requirements. These include:
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General-purpose AI (GPAI) or foundation models will face additional transparency requirements. These include:
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Source: ET
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To ensure adherence to the new regulations, the EU has established significant penalties for violations. Fines range from 7.5 million euros ($8.7 million) or 1.5% of turnover to 35 million euros or 7% of global turnover, depending on the severity of the infringement
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.The release of these guidelines is partly a response to criticism from some companies regarding the AI Act and its regulatory burden. By providing more clarity, the Commission aims to facilitate a smoother implementation process while maintaining strict oversight of AI development and deployment
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.EU tech chief Henna Virkkunen emphasized the Commission's supportive approach, stating, "With today's guidelines, the Commission supports the smooth and effective application of the AI Act"
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.As the deadline for compliance approaches, the AI industry and regulatory bodies will be closely watching how these guidelines shape the development and deployment of AI technologies in the European Union.
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