Exceptions are provided in the EU AI Act for Systems placed on the market before it takes effect

Sep 1, 2023

Full compliance is necessary for systems deployed after the Act implementation, while "grandfathered" systems enjoy some exemptions. AI systems existing in the market prior to the AI Act, fall under a category known as "Grandfathered” systems. Customers who bought Globus before the Act also enjoy these benefits.

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Navigating the European Union (EU) AI Act: Compliance and Benefits

In the ever-evolving landscape of technology, artificial intelligence (AI) has emerged as a transformative force. As societies strive to strike a balance between innovation and regulation, the introduction of the AI Act marks a significant milestone. In this blog post, we delve into the dynamics of AI Act compliance and the benefits for early adopters.

Understanding AI Act Compliance

The AI Act introduces a framework to govern the deployment and use of AI systems in the EU. A crucial aspect to note is that all systems embedding AI technology would require full compliance with the AI Act after the Act takes effect. However, "Grandfathered” systems are out of the scope of the Act’s requirements as specified by Article 83 of the AI Act. The AI Act's full regulations may come into play for those systems only if a substantial modification is made to the system significantly altering their intended purpose or risk profile.

Advantages for Early Adopters

This notable aspect of the AI Act is extended to customers who purchased AI systems, like Globus, before the Act comes into place. This means that if you invested in AI technology, such as Globus, prior to the AI Act's introduction, you'll enjoy a smoother transition into the regulatory landscape.

Early adopters of AI systems gain a competitive edge through this approach.

Conclusion

The AI Act's arrival has sparked discussions around AI ethics, accountability, and regulation. As the technology continues to evolve, understanding the nuances of compliance becomes paramount. Whether you're a business deploying AI systems or an individual navigating the AI landscape, being informed about the AI Act's implications is essential.

Early adopters stand to benefit from positioning themselves as pioneers of ethical AI implementation - Helge Bjorland, CEO at Globus.ai

In this era of rapid technological advancement, the AI Act represents a pivotal step toward shaping the future of AI in a responsible and inclusive manner. Embracing its principles and seizing its benefits can pave the way for a harmonious coexistence of AI and society.