In the face of the rapid technological development of artificial intelligence and the context of global politics, where more and more countries are investing heavily in artificial intelligence, the European Commission is proposing the first-ever legal framework for artificial intelligence, focusing on its risks and placing Europe at the forefront of global challenges.
On 21 April, the European Commission presented a long-awaited proposal for a regulation on a European approach to artificial intelligence, proposing a single set of rules for regulating artificial intelligence in the European Union. Although so far only a proposal, this is the first attempt to define a comprehensive regulatory framework for artificial intelligence, which will address basic aspects such as the definition of high-risk applications, regulatory obligations for providers of artificial intelligence systems, post-market surveillance, assessment of high-risk applications and more.
Through the new rules, the European Commission aims to achieve a high level of protection of the fundamental rights of European Union citizens when using artificial intelligence, while supporting the development of technology. If the proposal for a regulation on artificial intelligence is approved, a single legal framework will be created, which on the one hand contains strict rules for high-risk artificial intelligence and high fines for non-compliance, but on the other hand, offers opportunities for easier development of artificial intelligence.
We provide daily commentary from various fields of law, business, and audit. We try to give an objective and impartial view of current topics that move the professional world.