2024 in Review: Key Legal Developments in AI

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2024 in Review: Key Legal Developments in AI

As 2024 concludes, AI regulation has become a focal point for governments and regulators worldwide. Significant legal advancements, including the EU's AI Act and the first international AI treaty, have emerged to address the complexities of AI governance. These developments aim to ensure transparency, accountability, and consistency across borders while balancing innovation with responsible oversight.

The EU's AI Act, effective from August 2024, introduces a risk-based approach to classify AI systems and enforce obligations on prohibited AI by February 2025. The establishment of the AI Office will facilitate the implementation of these regulations, while public consultations and updated guidelines reflect a commitment to ethical AI practices. Despite these strides, unresolved issues such as copyright protection and AI liability remain critical challenges for the future.

• The EU's AI Act marks a significant milestone in AI regulation.

• The Council of Europe adopted the first international treaty on AI.

Key AI Terms Mentioned in this Article

AI Act

The AI Act is a legislative framework aimed at regulating AI systems based on risk categories.

AI Office

The AI Office is established to oversee the implementation of the AI Act and regulate AI models.

Framework Convention

The Framework Convention outlines ethical principles for AI and promotes international cooperation.

Companies Mentioned in this Article

OECD

The OECD revised its AI Principles to address new AI technologies and promote best practices.

BSI

The BSI issued Global Guidance for Responsible AI Management to enhance AI governance standards.

ISO/IEC

ISO/IEC released updates to AI standards, contributing to the global regulatory landscape for AI.

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