{"id":29054,"date":"2024-06-18T16:04:11","date_gmt":"2024-06-18T16:04:11","guid":{"rendered":"https:\/\/www.oxfordcorp.com\/?p=29054"},"modified":"2024-08-07T14:52:18","modified_gmt":"2024-08-07T14:52:18","slug":"europe-makes-history-with-the-approval-of-the-eu-ai-act","status":"publish","type":"post","link":"https:\/\/www.oxfordcorp.com\/de\/insights\/industry-commentary\/europe-makes-history-with-the-approval-of-the-eu-ai-act\/","title":{"rendered":"Europe Makes History with the Approval of the EU AI Act"},"content":{"rendered":"<p><span data-contrast=\"auto\">Europe recently approved groundbreaking AI legislation that was introduced in April 2021, named the <\/span><a href=\"https:\/\/www.europarl.europa.eu\/doceo\/document\/TA-9-2024-0138-FNL-COR01_EN.pdf\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Artificial Intelligence (AI) Act (or the EU AI Act)<\/span><\/a><span data-contrast=\"auto\">. In mid-March of this year, members of the European Parliament (MEPs) <\/span><a href=\"https:\/\/www.reuters.com\/technology\/eu-lawmakers-endorse-political-deal-artificial-intelligence-rules-2024-03-13\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">approved the regulation<\/span><\/a><span data-contrast=\"auto\"> one month earlier than expected, emphasizing the urgency and importance of such legislation given the dramatic rise of AI.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The EU AI Act attempts to regulate the burgeoning technology, which has yet to be subject to specific regulations that curtail risks associated with its far-reaching and sometimes questionable<\/span> <span data-contrast=\"auto\">capabilities. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Europe hopes to reduce uncertainty with the new legislation, which aims to protect individuals, society, the environment, and the overall rule of law from high-risk AI&#8217;s negative and potentially devastating impacts. High-risk AI systems include AI systems used in critical infrastructure, transportation, healthcare, recruitment, law enforcement, justice administration, and education. These systems will be subject to heightened requirements and obligations. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Other AI systems using cognitive behavioral manipulation and social scoring fall under the category of unacceptable AI and will be banned by the new law. Predictive policing involving profiling and the use of biometric data to classify people based on religion, race, sexual orientation, or other protected statuses is also outlawed. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In crafting the AI Act, Europe acknowledged the usefulness of AI and its contribution to continued innovative enterprises. The <\/span><a href=\"https:\/\/www.europarl.europa.eu\/doceo\/document\/TA-9-2024-0138-FNL-COR01_EN.pdf\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">EU AI Act states<\/span><\/a><span data-contrast=\"auto\">: <\/span><i><span data-contrast=\"auto\">\u201cAs a pre-requisite, AI should be a human-centric technology. It should serve as a tool for people, with the ultimate aim of increasing human well-being.\u201d<\/span><\/i><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">A Law in the Making<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Getting to this point, though, was a process. The legislation experienced its most significant move forward when it underwent major revisions in late 2023. Lengthy negotiations resulted in several amendments to the initial law proposal, including:<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Bans on intrusive and discriminatory AI use<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Expanded classification of high-risk AI to include harm to people\u2019s health, safety, and fundamental rights or the environment, and AI systems used to influence voters in political campaigns or recommender systems on social media<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Obligations for foundation model providers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Exemptions to rules for research activities and AI components provided under open-source licenses to support continued innovation efforts<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Exemptions for law enforcement to use biometric identification in certain situations<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Citizens\u2019 right to file complaints and receive explanations\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">Unified Front Against High-Risk AI<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Europe isn\u2019t the only one responsible for advancing AI risk management. According to The Brookings Institution, a Washington, D.C.-based nonprofit tasked with collecting data that helps improve policy and governance, it\u2019s important that <\/span><a href=\"https:\/\/www.brookings.edu\/articles\/the-eu-and-us-diverge-on-ai-regulation-a-transatlantic-comparison-and-steps-to-alignment\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">the U.S. and Europe align on their approaches to mitigating potential harms associated with high-risk AI<\/span><\/a><span data-contrast=\"auto\">. The organization argues it\u2019s necessary to \u201cfacilitate bilateral trade, improve regulatory oversight, and enable broader transatlantic cooperation,\u201d with the latter being most critical. U.S. support is paramount to getting other countries on board. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Even though the U.S. has assessed and outlined AI-associated risks in several federal documents, it currently lacks consistent AI policies, per Brookings. This unpredictable approach to AI risk management can leave citizens vulnerable. \u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The National Artificial Intelligence Advisory Committee (NAIAC) recently reported its findings on <\/span><a href=\"https:\/\/ai.gov\/wp-content\/uploads\/2023\/11\/Findings_The-Potential-Future-Risks-of-AI.pdf\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">the potential future risks of AI<\/span><\/a><span data-contrast=\"auto\"> in an October 2023 document. The committee divided the risks into two broad categories: near-term and long-term. It acknowledged that near-term risks could already be seen within society as they happen in real time. These risks include:<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Algorithmic bias and discrimination (especially against marginalized and underrepresented groups)<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Misuse of surveillance<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Privacy infringements<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Potential job displacements in certain sectors\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Some argue that several perceived long-term AI risks may be existential. Since they haven\u2019t happened yet, there\u2019s no way to know. However, these risks might include:<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Intensification in power differences and control outside of predetermined limits<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">Super intelligent AI acting in ways contrary to human values<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Autonomous weapon systems having negative impacts on the nature of warfare <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">According to Forbes, despite knowing the risks, <\/span><a href=\"https:\/\/www.forbes.com\/sites\/joeharpaz\/2024\/04\/29\/developers-need-crystal-ball-for-ai-legislation\/?sh=462eb326551f\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">the U.S. is having trouble keeping pace with AI legislation.<\/span><\/a><span data-contrast=\"auto\"> The U.S. may look to Europe for a more established and continuous framework as the AI Act gets underway. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">Regulation vs. Innovation<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">However, not everyone views AI regulation in the same way. A group of 150 <\/span><a href=\"https:\/\/www.jurist.org\/news\/2023\/12\/eu-reaches-deal-on-world-first-artificial-intelligence-rules\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">AI professors and PhD scholars signed an open letter<\/span><\/a><span data-contrast=\"auto\"> relaying the importance of certain exemptions for AI research and open-source projects. Specifically, the letter asks that the AI Act exempt \u201cresearch use and open-source releases aimed at research use from any requirements.\u201d <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The authors of the letter state that the proposed regulation of foundation models is what researchers should find troublesome. They assert that introducing several requirements for the producers of these large AI models capable of performing a \u201cwide range of distinctive tasks,\u201d including generating video, images, text, and even computer code, \u201cthreatens to kill European frontier AI research.\u201d <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The authors believe that European researchers releasing their models would be at a disadvantage compared to non-EU researchers, having to \u201cface a significant additional burden of complying with the requirements.\u201d The letter alleges that requirements stretch beyond those of research and \u201crisk violating the freedom of research.\u201d These requirements include extensive documentation and <\/span><a href=\"https:\/\/www.euractiv.com\/section\/artificial-intelligence\/news\/governance-of-foundation-models-in-eus-ai-law-starts-to-take-shape\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">external testing by certified \u201cred teams<\/span><\/a><span data-contrast=\"auto\">.\u201d There is also the possibility of imposed fees.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, <\/span><a href=\"https:\/\/www.ibtimes.com\/navigating-global-ai-landscape-balancing-regulation-innovation-3731359\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">balance is key<\/span><\/a><span data-contrast=\"auto\">. Regulations mitigate risks and protect individuals and society, but policymakers can also inhibit innovation efforts. When the correct balance is found, regulated AI can help instill trust and encourage responsible use while not hindering progress. Additionally, it can promote more ethical R&amp;D endeavors with the right market incentives. \u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">Looking Ahead: How and When Will the EU AI Act Be Enforced?<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Following the European Parliament\u2019s vote of approval, <\/span><a href=\"https:\/\/www.bytebacklaw.com\/2024\/03\/eu-parliament-approves-eu-ai-act\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">the EU AI Act entered into force 20 days after publication in the EU Official Journal<\/span><\/a><span data-contrast=\"auto\">\u2014usually occurring within a few days after a vote affirming the proposed regulation. This then sets the compliance timelines into motion, with the law taking full effect two years from the date of force. In addition to the two-year mark, some provisions will become applicable at earlier or later dates. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">According to Reuters, depending on the violation, <\/span><a href=\"https:\/\/www.reuters.com\/technology\/eu-lawmakers-endorse-political-deal-artificial-intelligence-rules-2024-03-13\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">companies can fall prey to fines<\/span><\/a><span data-contrast=\"auto\"> ranging from 7.5 million euros or 1.5% of turnover to 35 million euros or 7% of global turnover. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, organizations can start preparing now to adapt to new guidelines and avoid potential penalties. Oxford can help you learn about AI currently in use within your industry. The more you know about AI systems within your organization, the better you can respond to and comply with changing regulations. It\u2019s helpful to categorize your organization\u2019s AI applications using a risk-based approach, including identifying high-risk AI systems requiring stricter compliance measures. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Developing and implementing robust governance structures is also critical, including establishing internal policies and procedures for data management, transparency, and accountability. Training staff on the requirements of the EU AI Act and fostering a culture of ethical AI development are also essential steps. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Digital Transformation Practice Director and <a href=\"https:\/\/www.oxfordcorp.com\/alie-doostdar-earns-ai-certification-from-mit\/\" rel=\"noopener\">AI expert at Oxford Alie Doostdar<\/a> provided feedback on the new AI legislation, stating: <\/span><span data-contrast=\"auto\">\u201cThe European Parliament approval of the most recent EU AI Act is demanding companies to ensure their AI technologies usage are aligned with new legislations. Otherwise, organizations can be fined 1.5% to 7% of their revenue per violation which can negatively impact the company. It is inevitable that the U.S. government will implement and enforce similar regulations following the EU AI Act. Therefore, it is important for companies to establish guiding principles prior to deployment of any AI technologies.\u201d <\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Doostdar continued: \u201cOxford\u2019s AI Implementation Strategy takes a proactive approach by introducing the establishment of <\/span><i><span data-contrast=\"auto\">Responsible AI Council,<\/span><\/i><span data-contrast=\"auto\"> which is the governing body overseeing AI technology deployment and use. Without responsible AI guiding principles, the outcomes of AI use can be extremely negative for both the individuals and companies. Responsible AI guiding principles are centered on Privacy, Fairness, Security, Safety, Validity, Reliability, Explainability, Transparency, and Accountability. We employ a risk-based approach to categorize AI applications within organizations, identifying high-risk systems that require stricter compliance measures. Oxford consultants have the knowledge and expertise in creating appropriate guiding principles to ensure AI technology deployment delivers positive business outcomes.\u201d \u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">By proactively addressing the AI hot spots within your organization, you can comply with the EU AI Act requirements and leverage it to enhance your AI practices and build trust with stakeholders. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe recently took a historic step with the EU AI Act. 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