Next Week Marks the Beginning of a New Era for AI Regulations

The European Union’s AI Act is set to take effect next week, marking the beginning of a new era for AI regulations. While the full compliance requirements won’t come into force until mid-2025, the initial phase of the EU AI Act begins on February 2nd and includes significant prohibitions on specific AI applications.

Initial Phase of the EU AI Act

The new regulations prohibit the deployment or use of several high-risk AI systems, including social scoring, emotion recognition, real-time remote biometric identification in public spaces, and other scenarios deemed unacceptable under the Act. Businesses across the globe that operate in the EU must now navigate a regulatory landscape with strict rules and high stakes.

Penalties for Non-Compliance

Companies found in violation of the rules could face penalties of up to 7% of their global annual turnover, making it imperative for organisations to understand and comply with the restrictions.

Early Compliance Challenges

"It’s finally here," says Levent Ergin, Chief Strategist for Climate, Sustainability, and AI at Informatica. "While we’re still in a phased approach, businesses need to understand the implications of the new regulations and take steps to ensure compliance."

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• AI Act
• Artificial Intelligence
• EU
• Europe
• European Union
• Government
• Law
• Legal
• Regulation
• Regulations