The EU AI Act Newsletter #57: Bad for Innovation?

<p> EU AI Act's compliance costs and lack of clarity cause concern among tech start-ups ahead of next week's entry into force.</p> <p><strong> Legislative Process</strong></p><p> It is official! The EU AI Act has been published in the Official Journal of the European Union. It will now enter into force on 1 August.</p><p> Parliament's possible oversight body: According to Euractiv's Eliza Gkritsi and Théophane Hartmann, the European Parliament is considering establishing a monitoring group for the implementation of the AI Act. MEPs have voiced concerns about the European Commission's approach to key tasks. Brando Benifei, formerly a rapporteur on the Act, announced plans to formalise a parliamentary monitoring group, in which he expects to play a leading role. Benifei warned of potential risks if the Commission fails to implement the Act properly, particularly regarding transparency provisions. Some MEPs have urged the Commission to involve civil society in developing codes of practice [...]</p> <p>---</p><p><strong>Outline:</strong></p><p>(00:16) Legislative Process</p><p>(02:40) Analyses</p> <p>---</p>
<p><b>First published:</b><br/>
July 22nd, 2024 </p>

<p><b>Source:</b><br/>
<a href="artificialintelligenceact.substack.com/p/the-e…; rel="noopener noreferrer" target="_blank">artificialintelligenceact.substack.com/p/the-e…; </p>
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<p>Narrated by <a href="type3.audio/?utm_source=TYPE_III_AUDIO&utm…; rel="noopener noreferrer" target="_blank">TYPE III AUDIO</a>.</p>
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