This Thursday, August 1, the AI ​​Law came into force in the European Union. There will be an adaptation period for companies until August 2026 and fines of up to 7% of annual turnover are expected for non-compliance.

The law, which was announced last June, came into effect this Thursday, establishing regulations for everything related to AI in the region. It is stipulated that in a period of six months, “starting on February 2, 2025, the general provisions and prohibitions of unacceptable risk must be complied with.”

On the other hand, in nine months, starting on May 2 of next year, the codes of good practices must be complied with; and in 12 months, starting August 2, 2025, “the general rules must be complied with, and the different countries must have updated their rules regarding sanctions and fines.”

In accordance with these guidelines, from 2025 the legislation would be ready to apply the corresponding fines to companies that do not comply with these regulations.

It is important to clarify that a longer time frame will be given for high-risk systems, the concept referring to “AI systems that may have a considerable detrimental effect on the health, safety and fundamental rights of people.” In this case, a period of 36 months will be granted to comply with the law. So it will be from August 2027 when “these AI models will be forced to document all of their operation and be totally transparent about how they work.”

Regarding fines, there is talk of 7 % of the annual turnover with the intervention of the European Office of Artificial Intelligence, in charge of enforcing the law, “preparing reports, updating requirements and providing support to companies to be able to adapt correctly.”

M.Pino

Source: xataka

(Reference image source: Unsplash+, in collaboration with Getty Images)

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