The European Union's enforcement of the Artificial Intelligence Act began recently, imposing strict restrictions on AI systems classified as having an "unacceptable risk." This includes bans on social scoring systems and certain facial recognition technologies. Non-compliant companies face fines exceeding those in the GDPR, with penalties reaching up to €35 million or 7% of global revenue. Although this legislation is a historical step in AI governance, experts highlight the ongoing need for compliance development through standards and guidelines facilitated by the EU AI Office, which is tasked with refining such frameworks.
The AI Act primarily functions as a product safety piece of legislation, and full compliance will depend on the development of standards and guidelines in the future.
The initial enforcement phase of the AI Act includes a ban on AI systems labeled as carrying an "unacceptable risk", like social scoring and real-time facial recognition.
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