Compliance Perspectives

By Adam Turteltaub When it comes to AI, there is little agreement. Some see great potential, while others see great nightmares. Some see opportunities, and many see nothing but risks. In the EU, though, there is agreement on one thing, a new EU AI Law. In December 2023 the EU Parliament and Council agreed to  a bill “…to ensure AI in Europe is safe, respects fundamental rights and democracy, while businesses can thrive and expand.” Longtime compliance professional Letitia Adu-Ampoma (LinkedIn) explains that while the law won’t fully come into force for two years or more, it’s time for compliance teams to start paying attention and preparing. The act is a part of the EU digital strategy, which is very focused on human-centric legislation. Its goal is to keep positive the impact of AI on people and society. The approach it takes is risk-based, categorizing AI systems based on the level of risk: unacceptable (and prohibited), high risk, minimal risk and no risk. The act is very specific in how it defines whi