Roy Hadley, Jr. was featured in Westlaw Today to discuss the new European Union AI Act, which went into effect on August 1, 2024, and how it could impact U.S. businesses.
The article recaps details on Europe’s new law and how it aims to regulate AI technologies within the EU to ensure it is used safely and ethically. It introduces stringent requirements for high-risk AI systems, focusing on transparency, risk management, data governance, and human oversight. Roy highlighted that U.S. businesses that offer AI products or services in the EU must comply with these regulations, which include risk assessments, transparency obligations, and conformity assessments, or face significant penalties of up to 6% of global revenue or €30 million.
To read the full article, click here.
Contact Roy Hadley, Jr., for further information on navigating this complex regulatory landscape.
