EU negotiators strike political deal on AI Act

Dec 9, 2023 ·

The European Union has recently struck a tentative deal on the AI Act, a proposed law to regulate the use of artificial intelligence. The law will establish the first-ever binding legal framework for the development and deployment of AI systems in the EU. The AI Act would require companies to be transparent about their AI algorithms and ensure that all AI systems are used safely and ethically. Additionally, the law sets out guidelines for member states to create ethical oversight committees tasked with monitoring developments in AI and ensuring compliance with the law.

Under the agreement, any organization using AI must follow three broad principles: high quality and safety, accountability and transparency. This includes making sure that AI systems are reliable and accurate, do not discriminate against certain groups or individuals, do not cause harm or unexpected consequences, and do not deceive people. To ensure this, organizations must conduct regular assessments of potential risks associated with their AI systems.

In addition, companies must disclose how they test and validate their AI systems, as well as how they develop, deploy and maintain them. Companies are also required to provide consumers and other stakeholders with explanations regarding how their algorithms work. This is intended to provide greater transparency and accountability for companies who develop AI. Lastly, the law requires companies to involve an independent ethical oversight body when deploying AI systems. This committee would help ensure that all AI systems comply with the AI Act's principles, while also providing guidance to companies on how to best use AI in an ethical manner.

Overall, the AI Act marks an important milestone in the regulation of artificial intelligence. By establishing a comprehensive regulatory framework, the EU seeks to ensure that all AI systems are used responsibly and ethically. The success of the AI Act could lead to similar laws being adopted by other countries around the world. In doing so, it could help shape the future of technological development and create a more fair and equitable environment for businesses and consumers alike.