On July 12, 2024, following extensive negotiations for its approval last March, the Regulation on Artificial Intelligence was formally published in the Official Journal of the European Union. While Regulation 2024/1689 of the European Parliament and Council, dated June 13, 2024, is scheduled to come into effect on August 1, it will be implemented progressively, with a standard application period of 24 months from its entry into force – August 2, 2026.
This regulation not only stands as a global pioneer in AI regulation owing to its expansive scope on this field, but it also aims to establish itself as a benchmark on a global scale in this sphere.
With this legislation, and as we previously informed here, the EU aims to safeguard the fundamental rights of its citizens and enhance security in AI systems, without hindering technological development, investment or innovation in AI.
