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AI Act logo

AI Act

The European Union's proposed legal framework for artificial intelligence, aiming to ensure AI systems are safe, transparent, and trustworthy.

Price: Free

Categories:AI Legal AssistantsAI Tools for Contract ReviewAI Testing ToolsAI Monitoring ToolsFuture AI Tools
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Description
The AI Act is a landmark legislative proposal by the European Union designed to regulate artificial intelligence systems. It categorizes AI systems based on their potential risk level (unacceptable, high, limited, minimal) and imposes different levels of scrutiny and requirements accordingly. The primary goal is to foster the development and adoption of human-centric AI while addressing potential risks to fundamental rights and safety. This regulation primarily targets AI developers, providers, and deployers operating within or impacting the EU market. It stands out as one of the world's first comprehensive legal frameworks for AI, setting a global precedent for AI governance and responsible innovation.

AI Act screenshot 1
How to Use
1.Identify if your AI system falls under the scope of the AI Act, particularly as a "high-risk" AI system.
2.Understand the specific requirements for your AI system's risk category (e.g., data quality, human oversight, transparency, cybersecurity).
3.Implement technical and organizational measures to ensure compliance throughout the AI system's lifecycle.
4.Conduct conformity assessments and register high-risk AI systems in an EU database.
5.Stay informed about updates and guidance from relevant EU authorities as the Act is finalized and implemented.
Use Cases
AI system development complianceRisk management for AI applicationsEthical AI deploymentData governance for AIAI transparency reportingHuman oversight implementationConformity assessment proceduresMarket access for AI products in EU
Pros & Cons

Pros

  • Establishes clear rules for AI development and deployment.
  • Promotes trustworthy and ethical AI systems.
  • Enhances consumer safety and fundamental rights protection.
  • Fosters a common market for AI in the EU.
  • Provides legal certainty for AI innovators.

Cons

  • Can impose significant compliance burdens on developers.
  • May slow down AI innovation due to regulatory overhead.
  • Definitions and classifications can be complex to interpret.
Pricing
Free trial: Not applicable, as it is a legislative act
Compliance costs will be incurred by businesses developing and deploying AI systems.
FAQs

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