The EU AI Act offers guidance for general counsel (GCs) on managing generative AI risks, fostering innovation rather than hindering it. Despite their hesitance, legal leaders can use regulatory frameworks like the EU AI Act as a roadmap for responsible AI implementation. The Act delineates categories for AI risk, with high-risk applications facing stringent requirements to ensure safety and compliance. By understanding these regulations, organizations can mitigate risks like bias and ethical concerns while promoting technological advancements.
https://news.bloomberglaw.com/us-law-week/eu-ai-act-provides-gcs-innovation-guideposts-not-barriers