What are the key challenges of the EU AI Act?

What are the key challenges of the EU AI Act?

The EU AI Act faces several challenges, including regulatory complexity, compliance costs, and the need for international cooperation.

Can you elaborate on the regulatory complexity?

Sure! The regulatory complexity arises from the need to define AI systems, categorize them by risk, and ensure compliance across diverse sectors.

What about the compliance costs?

Compliance costs can be significant, especially for small and medium enterprises, as they may need to invest in new technologies and processes.

How does international cooperation play a role?

International cooperation is crucial to harmonize regulations and standards, ensuring that AI systems developed in one region can be used in another without legal hurdles.

What are the potential benefits of the EU AI Act despite these challenges?

The potential benefits include increased trust in AI technologies, enhanced safety, and the promotion of innovation through clear guidelines.