Public compliance reports from major AI companies such as Google, Microsoft, and OpenAI

EU Unveils Draft Regulatory Guidance for AI Models Under AI Act

Nov 17, 2024, 10:20 AM

The European Union has unveiled draft regulatory guidance for AI models, marking a significant step in managing the impact of artificial intelligence across various sectors. The EU AI Act, a risk-based rulebook, aims to shape the future of AI by focusing on compliance and ethical alignment. This regulation emphasizes transparency, particularly for high-risk and general-purpose AI systems, and includes AI literacy as a legal obligation for providers and deployers of AI systems, as outlined in Article 4. The Act is set to revolutionize how AI integrates into Europe's business landscape, with compliance deadlines on the horizon. Organizations across industries must navigate these stringent requirements to stay ahead.