The AI Act is an artificial intelligence law proposed by the European Commission in 2021. This is the first comprehensive regulatory framework for AI and is part of the EU’s strategy to set worldwide standards on technology regulation. The law aims to ensure that AI systems used in the EU market are safe and respect existing law on fundamental rights and EU values.

The AI Act assigns applications of AI to four risk categories: unacceptable risk, high risk, limited risk and minimal to no risk. Applications and systems that create an unacceptable risk would be banned, such as the government-run social scoring systems used in China. High-risk applications are subject to strict legal requirements before they can be put on the market and include  critical infrastructure, educational training, employment services, such as CV-sorting software, law enforcement, etc. Limited risk systems should follow transparency requirements, i.e. humans should know when they are interacting with AI. The Act allows for free use of minimal risk AI.

The European Council adopted the AI Act’s general approach on December 6, 2022, but the legislation still requires several rounds of reviews. The European Council and European Parliament will enter negotiations in 2023 to reach an agreement on the proposed regulation.

This question resolves positively if the European Commission announces that the EU’s AI Act has entered into force before December 31, 2023.

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