The enforcement of the EU’s approach to regulating AI will be challenging. The EU plans to set up an AI Office to oversee the EU AI Act, but consistency in enforcement across member states could be challenging. The EU AI Act will apply to businesses whose AI models impact EU citizens. Specific requirements will be imposed, especially for the high-risk category. Organisations must create an inventory of their AI systems and start designing their processes to classify AI systems and assess the use cases’ risks. The EU AI Act will encourage companies to invest more resources and money in proving that they’re addressing bias and fairness. After the EU AI Act is approved and published, it will take effect in phases. The regulation will impose fines for noncompliance.
Posts: Target Tech
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