The Artificial Intelligence Act

The EU Regulation laying down harmonised rules on Artificial Intelligence (AI Act) entered into force on 1 August 2024, following  its publication in the Official Journal of the EU on 12 July 2024 (Regulation (EU) 2024/1689). 

The AI Act will start to apply from 2 August 2026 (24 months after entry into force). As an exception the following rules will start to apply at different dates: (i) bans on prohibited practices (will apply from 2 February 2025); (ii) codes of practice; and (iii) general-purpose AI rules including governance (will apply from 2 August 2025); and (iv) obligations for high-risk systems (will apply from 2 August 2027). 

Leaseurope is closely monitoring the implementation of the AI Act. On 4/2 the Commission published guidelines on the interpretation of the AI definition and a list of practical examples of use cases of AI systems that are either high-risk or not. Leaseurope promotes the message that for the use of standalone, pure statistical systems, for instance the application of logistic regression, in constructing a credit scoring model, thorough examination of the AI definition is needed before they are classified as high-risk AI systems under the scope of the AI Act. The criteria of autonomy, adaptiveness, and the ability for advanced learning, reasoning, and modelling might not be met for such systems.  

Leaseurope intends to reactivate its Task Force on AI. Please contact us in case you wish to appoint an expert as member of this Task Force.