The Artificial Intelligence Act ("AI Act") is in the final stages of the EU legislative process. It is expected to be finalized in the coming weeks, after which it will likely become a global standard for AI legislation. The AI Act and its obligations has attracted attention from around the world due to its novel nature and anticipated impact on providing and using AI in the EU.

Providers and users of AI, as well as other parties in the AI value chain, e.g., distributors, could be in scope of the AI Act, regardless of where they are established. Obligations are tiered according to the risk posed by the AI system, with the most burdensome falling on high risk applications of AI. In response to the rapid developments in the AI field, the AI Act will likely introduce bespoke obligations for foundation models and generative AI. Depending on the nature of the AI system, companies in scope could be required to implement comprehensive risk management systems, draw up and maintain technical documentation, comply with transparency requirements, and apply data governance and management practices when training models.

Items that will be covered during the webinar include:

• The scope and timeline of application of the AI Act
• An overview of the key obligations in the AI Act and how to comply with them in practice
• Sanctions for non-compliance with obligations in the AI Act
• What companies should do now to prepare for the AI Act

Click here for a listing of all of our AI-related events, including other webinars in the AI-volution series. To learn more about Wilson Sonsini’s artificial intelligence and machine learning team, please click here.