Interested? Contact us now
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.comEU member states have finally reached an agreement on the landmark Artificial Intelligence (AI) Act, as reported by Politico on February 2. As the world’s first comprehensive law to regulate AI, the AI Act aims to facilitate the development and adoption of trustworthy and human-centric AI across the EU, while ensuring that high-risk AI systems are subject to strict rules and oversight. Under the agreement, the law will ban some applications of AI technology, such as biometric categorization systems that use sensitive characteristics, emotion recognition in the workplace and educational institutions, and AI systems that manipulate human behavior to circumvent their free will. In addition, it imposes stringent limits on high-risk use cases and sets obligations of transparency and stress-testing for the most advanced software models. The European Parliament is scheduled to vote on the rules in March or April, and they could formally become law as early as May.
The AI Act was initially proposed by the European Commission in 2021 and endorsed by EU countries last December. However, both Germany and France voiced opposition to the original rules package agreed in December, arguing that some provisions may impede innovation. Considering the rapid evolution of AI models like ChatGPT, the revised AI Act entails provisions that grant the Commission flexibility to overrule standards in response to technological advancements, thus ensuring the law’s adaptability to the changing AI landscape. Another pivotal element of the Act involves the establishment of an independent regulatory body, the AI Office, tasked with the oversight of General Purpose AI (GPAI) models, particularly those identified as posing systemic risks.
Sources:
https://www.dw.com/en/eu-states-approve-landmark-ai-rules/a-68158258
Monitor ESG performance in portfolios, create your own ESG frameworks, and make better informed business decisions.
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.com7 Straits View, Marina One East Tower, #05-01, Singapore 018936
+65 6223 8888
Gustav Mahlerplein 2 Amsterdam, Netherlands 1082 MA
(+31) 6 4817 3634
77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414
(+886) 02 2706 2108
Viet Tower 1, Thai Ha, Dong Da Hanoi, Vietnam 100000
(+84) 936 075 490
Av. Santo Toribio 143,
San Isidro, Lima, Peru, 15073
(+51) 951 722 377
1-4-20 Nishikicho, Tachikawa City, Tokyo 190-0022