The European Parliament (EP) and the Council reached on 8 December a political deal on the final version of the Artificial Intelligence Act (AIA).
The future AI rulebook will keep the risk-based approach proposed by the European Commission, while introducing significant changes to the list of banned AI practices, the regulation of foundation models, the envisaged EU governance structure, as well as the measures in support of innovation (such as sandboxes).
Now the EU co-legislators will need to approve the final text (subject to additional work at technical level) before its formal adoption.
This Cullen International Cheat Sheet provides a summary of the highlights in the provisional agreement as described in the press releases published by the EP and the Council. The summary reflects the changes compared to the initial Commission proposal.
Clients of our European Digital Economy service, can also access the Cheat Sheet directly on our client portal via "Access the full content".
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