EU AI Act Published: A New Era for AI Regulation Begins

Latham & Watkins LLP

Today marks a significant milestone in the regulation of artificial intelligence (AI) as the European Union (EU) AI Act is published in the EU Official Journal. This landmark legislation establishes the world’s first comprehensive regulatory framework for AI, and sets the stage for the future regulation of AI both within and beyond the EU.

The AI Act will enter into force 20 days from today’s date, on August 2, 2024. The timeline for implementation is as follows:

  • February 2, 2025: Prohibited AI practices must be withdrawn from the market.
  • May 2, 2025: Codes of practice will be ready.
  • August 2, 2025: General purpose AI (GPAI) models must be in compliance. Governance structure (AI Office, European Artificial Intelligence Board, national market surveillance authorities, etc.) will have to be in place.
  • February 2, 2026: European Commission to adopt Implementing Act, which lays down detailed provisions that establish a template for the post-market monitoring plan and the list of elements to be included in the plan.
  • August 2, 2026: All rules of the AI Act become applicable, including obligations for high- risk systems defined in Annex III (list of high-risk use cases). Member States shall ensure that their competent authorities have established at least one operational AI regulatory sandbox at national level.
  • August 2, 2027: Obligations for high-risk systems defined in Annex I (list of EU harmonization legislation) apply.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Latham & Watkins LLP

Written by:

Latham & Watkins LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide