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The EU AI Act Will Transform Practices for AI Governance In the U.S.

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The EU AI Act Will Transform Practices for AI Governance In the U.S. | Law.com
















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https://www.law.com/2024/01/09/the-eu-ai-act-will-transform-practices-for-ai-governance-in-the-u-s/

AI Act in EU
Credit: Ascannio

ANALYSIS

The EU AI Act solidifies one of the world’s first comprehensive attempts to bring governance to unlock innovation in AI. U.S. companies have asked, what exactly does this development mean for their businesses?

January 09, 2024 at 04:17 PM

12 minute read

By Dominique Shelton Leipzig |
January 09, 2024 at 04:17 PM

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What You Need to Know

  • U.S. companies using AI in products/services directed to EU residents will be subject to a sweeping set of new governance obligations.
  • The requirements of the EU AI Act are similar to trends we are seeing in draft legislation and trustworthy AI regulatory frameworks in 96 countries and six continents.
  • U.S. companies should familiarize themselves ASAP with the new requirements so they can build their AI tools and governance programs in accordance with the forthcoming expectations.

On Dec. 8, 2023, American companies woke up to the New York Times headline “E.U. Agrees on Landmark Artificial Intelligence Rules.” The agreement over the AI Act solidifies one of the world’s first comprehensive attempts to bring governance to unlock innovation in AI.

U.S. companies have asked, what exactly does this development mean for their businesses?

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