loader image

Harmony Analytics

EU Set to Implement New AI Regulations Next Month

The European Union (EU) is preparing to enforce its Artificial Intelligence (AI) Act next month, marking a significant development in tech regulation. This follows the endorsement by EU countries of a political deal reached last December, potentially setting a standard for the deployment and management of AI technologies.

Key Features of the EU AI Act:

  • Detailed Oversight: The AI Act introduces specific transparency obligations for high-risk AI systems, while general-purpose AI models will be subject to lighter regulations.
  • Biometric Surveillance Limits: The law restricts the use of real-time biometric surveillance in public areas to serious criminal matters, such as preventing terrorism and locating suspects of major crimes.

Belgian Digitization Minister Mathieu Michel highlighted the law’s dual focus, stating, “This law, the first of its kind, addresses a global technological challenge while creating opportunities for our societies and economies.” He emphasized the Act’s commitment to advancing technology under the principles of trust, transparency, and accountability.

Global Impact and Comparisons

The EU’s approach contrasts with other major powers. The United States maintains a more relaxed, voluntary compliance approach to AI, while China emphasizes social stability and state control. The EU’s regulatory framework could influence international standards and practices regarding AI.

The legislation, originally drafted by the European Commission in 2021, was revised following feedback from EU lawmakers. These revisions address growing global concerns about AI’s potential to spread misinformation and infringe on copyrights, a concern amplified by the popularity of generative AI systems such as those backed by Microsoft.

Implications for Business and Governance

The AI Act is expected to extend its influence beyond the EU, affecting multinational corporations and shaping global data practices.

Navigating AI with Harmony Analytics

At Harmony, we leverage proprietary AI tools to provide a comprehensive view of environmental metrics and human capital data. Our approach enables companies to report with precision, analyze, and benchmark against over 11,000 companies. This process not only aids in compliance with regulations but also supports organizations in identifying areas for development.

plugins premium WordPress