- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2023-12-20T16:00:00
As the European Union’s AI Act sets its sights on 2026 to take full effect, experts are concerned other key jurisdictions—including the United States, United Kingdom, Canada, and China—might introduce divergent legislation that treats artificial intelligence use differently, thus making it difficult for companies to ensure compliance.
This is an especially daunting prospect, said Alastair Paterson, chief executive officer of AI tech firm Harmonic Security, considering the current AI regulation landscape of “nice words but zero penalties” is “set to change—and fast.”
The AI Act’s main thrust is to regulate AI based on the technology’s capacity to cause harm. It follows a “risk-based” approach—the higher the risk, the stricter the rules.
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Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
The European Union’s AI Act follows a risk-based approach: the higher the risk the artificial intelligence poses, the stricter the rules. Understanding each category is key to compliance.
TikTok and X are under investigation related to their respective compliance with the European Union’s Digital Services Act, while the first three companies probed under the Digital Markets Act include Apple, Alphabet, and Meta.
President-elect Donald Trump announced he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
If your business uses leather, rubber, wood, beef, palm oil, soy, or paper, then you may need to comply with the EU Deforestation Directive, a new rule intended to ensure that no goods traded in the EU contribute to global deforestation.
With the presidential election this week, one fear has remained on the minds of voters regardless of their political stripe–that artificial intelligence will be misused to change the outcome of the race.
