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By Tomasz WOLOWSKI, Senior Manager, Regulatory Compliance Advisory Services and Ryan DAVIS, Advisory Partner, Risk Compliance Advisory Services, PwC Luxembourg
Setting the scene
On 12 July, the artificial intelligence (AI) Act has been published in the Official Journal of the EU and will enter into force on the 20th day following this date, 1 August, marking an historic step in artificial intelligence governance.
This landmark legislation introduces a ‘risk-based’ approach, imposing stricter rules on AI systems that pose greater potential harm to society. By aiming to harmonise AI regulations across Europe, the Act could set a new global standard. Its chief goal is to promote the development and...
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