AI Compliance Roundup Edition #9
Welcome back to our AI Compliance Roundup! We're here to navigate the complexities of AI regulation together, bringing you the latest and most impactful developments from around the globe.
Here’s what’s new:
???? European Parliament Committees Greenlight AI Act Agreement
Internal Market and Civil Liberties Committees have approved the proposed Artificial Intelligence Act. The comprehensive regulatory framework is set to be fully voted on during the Parliament's plenary session on April 10-11.
Heads up: Legal Nodes has prepared an Overview of the AI Act to help better understand its implications. We also provide a free self-assessment tool to determine how your AI will be categorized under the Act.
???? UK’s ICO Launches Follow-up Consultations on Generative AI
The UK's Information Commissioner's Office (ICO) has launched the second round of consultations on generative AI development and use. This consultation focuses on the application of the data protection principle of purpose limitation throughout the generative AI lifecycle and sets out the current analysis of the ICO and the policy position that the ICO wants to consult on.
The ongoing analysis presents a useful perspective on how to enhance compliance with data protection regulations and uphold public trust in generative AI. It also signals a chance for the UK’s AI-focused companies and startups to participate in the UK’s emerging AI framework by helping the ICO with its consultation points.
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???? US House Representatives Announce Task Force for AI Oversight
A bipartisan task force on AI has been launched by US House Speaker Mike Johnson and other representatives. Comprising 12 republican and 12 democrat members, this task force aims to produce a comprehensive report with guiding principles and forward-looking recommendations for AI policy.
This initiative underscores the continued emphasis on AI compliance in the US and sends a clear signal that the importance of AI safety and compliance should be taken seriously.
???? India Introduces Draft AI Regulation
India is working on a draft regulation for AI, anticipated to be released in early summer 2024. The regulation aims to promote economic growth, mitigate risks, and enhance India's global competitiveness.
Once implemented, India will join China and the EU as one of the largest jurisdictions with its own AI regulatory framework, and bring about new challenges for individuals and organizations involved in AI innovation within India.
???? Japan Establishes AI Safety Institute
The Ministry of Economy, Trade, and Industry (METI) in Japan has established the AI Safety Institute to address international concerns about AI safety. Tasked with auditing and evaluating standards related to AI safety evaluation, the Institute aims to enhance Japan's regulatory framework in collaboration with relevant ministries and agencies.
Stay tuned for more updates, and feel free to share your thoughts and questions with us.
Disclaimer: This newsletter is for informational purposes only and should not be construed as legal, tax, investment, trading, financial, or other advice.