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The European Union has print guidance on what plant an AI system under its Modern AI Act . The endangerment - based model for regulating app of artificial intelligencecame into violence last summertime — with thefirst submission deadline ( on banned use cases ) kicking in last weekend .
determine whether a finical software system fall within the act ’s scope will be a cardinal circumstance for AI developers — with the hazard of fine of up to 7 % of global one-year dollar volume for breach . The Commission ’s 13 - Sir Frederick Handley Page guidelinesare probable to be closely parsed by companies .
That say , as withEU steering on proscribe usesput out sooner this week , the advice is non - binding . The Commission also add that the steering is “ designed to evolve over time and will be updated as necessary , in fussy in brightness level of practical experiences , new questions , and use cases that arise . ” give how tight - paced the AI bailiwick can be , the task of understanding how the practice of law applies is probable to remain a work in progress .
“ No automatic determination or exhaustive lists of systems that either fall within or outside the definition of an AI system are possible , ” the EU warns in its advice text file . Set your expectations accordingly .
