Key aspects of the Artificial Intelligence Regulation

On May 21, 2024, the Council of the European Union finally approved the Artificial Intelligence (AI) Regulation. The Regulation governs the placing on the market, putting into service, and use of AI systems within the European Union.

Its main objective is to promote the development and use of AI in the EU while ensuring a high level of protection for health, safety, and fundamental rights. It adopts a risk-based approach that considers the potential risks arising from the use of AI systems, establishing requirements and obligations for various participants in the value chain. These obligations are not limited to AI system providers but also extend to others, such as those who use AI systems for professional purposes, referred to as 'deployers.'

This Legal Flash highlights the key aspects of the AI Regulation.