This document summarises the corrigendum of the EU AI Act published on the 19 April 2024. Essentially these are ‘corrections’ to the initial EU AI Act publication.
It outlines three main aspects of the regulation:
1) the risk-based approach and the mandatory requirements for high-risk AI systems,
2) the conformity assessment and market surveillance procedures for high-risk AI, systems, and …
3) the governance and support structures for AI in the Union.
The Eu Act document aims to ensure that AI is developed and used in a trustworthy manner that respects human dignity, rights and values.
The regulation aims to establish harmonised rules on artificial intelligence (AI) systems in the Union, in accordance with Union values and fundamental rights, and to promote innovation and the uptake of trustworthy AI.
The regulation applies to providers and deployers of AI systems in the Union, as well as to providers and deployers of AI systems outside the Union when the output of those systems is used in the Union, subject to certain exceptions.
The regulation adopts a risk-based approach that tailors the type and content of the rules to the intensity and scope of the risks that AI systems can generate. It prohibits certain unacceptable AI practices that violate fundamental rights, and lays down mandatory requirements for high-risk AI systems, such as technical robustness, data quality, transparency, human oversight and accuracy.
High-risk AI systems are those that are safety components of products or systems, or that are themselves products or systems, falling within the scope of certain Union harmonisation legislation, or that are used in certain sectors or for certain purposes that pose a high risk of harm to the health, safety or fundamental rights of persons.
The regulation provides for conformity assessment procedures to verify and ensure that high-risk AI systems comply with the mandatory requirements before they are placed on the market or put into service.
The regulation also establishes market surveillance mechanisms to monitor and enforce the compliance of high-risk AI systems after they are placed on the market or put into service, as well as of certain AI systems that are not classified as high-risk but are subject to transparency obligations.
The regulation sets up a governance framework for AI in the Union, which includes the creation of a European Artificial Intelligence Board, composed of representatives of the national supervisory authorities and the Commission, to facilitate the consistent implementation of the regulation, issue opinions and guidance, and foster cooperation and exchange of best practices.
The regulation also provides for measures to support innovation and the development of trustworthy AI in the Union, such as the establishment of AI regulatory sandboxes, the promotion of AI literacy and the facilitation of voluntary codes of conduct.
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