Can you tell me about the timeline for the implementation of the EU AI Act?
The EU AI Act is expected to be implemented in stages, with the first proposals likely to be finalized by 2024.
What are the key milestones in this timeline?
Key milestones include the proposal phase in 2021, discussions in 2022, and expected adoption by 2024.
Will there be any transitional periods for companies?
Yes, there will likely be transitional periods to allow companies to comply with the new regulations.
How will this affect AI development in Europe?
The Act aims to create a safer AI environment, which could foster innovation while ensuring ethical standards.
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