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Legal Updates: EU Draft Artificial Intelligence Act




The EU's draft AI Act represents a groundbreaking effort to establish comprehensive regulation for artificial intelligence, with the goal of becoming the world's first major regulator to enact such legislation. 


The proposed rules introduce a risk-based approach, categorising AI systems as Limited, High, or Unacceptable risk. Notably, there is a strong emphasis on transparency, particularly for foundation models. 


Generative AI tools, such as open-source platforms like Hugging Face, are poised to fare well under the specified requirements, whereas closed-source tools like ChatGPT may encounter greater challenges. 


The legislation is currently under finalisation by the European Parliament, with an anticipated agreement by the end of 2023. 


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