Understanding the EU AI Act: Critical Points for Enterprises
Beginning August 1st, new obligations for AI enterprises will come into play, with significant enforcement milestones starting in February 2025. The EU AI Office has already been established and will be responsible for oversee the implementation and enforcement of these new rules .Fines for Noncompliance:1. Up to €35 million or 7% of global revenue for non-compliance with prohibited practices2. Up to €15 million or 3% of global revenue for non-compliance with high-risk or transparency obligations3. Up to €7.5 million or 1.5% of revenue for providing incorrect or incomplete informationCan't make the live event? No worries! Register now and receive a recording for later viewing.
What we'll Cover:
1. Risk Classification: How to classify your AI systems based on your role in the value chain and the specific use case.
2. Requirements and Deadlines: Identify your responsibilities throughout the AI system’s lifecycle. based on market use, entity designation, and risk classification.
3. AI Governance: Understand risk management, human oversight, transparency reporting, and AI system monitoring in the context of the EU AI Act.
Don't miss out on this opportunity to stay ahead of the curve!