Ch 3.8 - AI Regulation
Proposed EU Artificial Intelligence Regulation
On 21 April 2021 the Commission published proposals for an AI Regulation, with fines of up to 6% of annual global turnover and new rules and prohibitions for high-risk AI systems. It was still at proposal stage, awaiting Parliament and Council review.
The Commission published the AI Regulation proposal on 21 April 2021, arguing the EU ‘must act as one' on AI. It introduces rules and prohibitions for high-risk AI systems and proposes fines of up to 6% of annual global turnover - higher than the GDPR's 4%.
Don't confuse the fine caps
The proposed AI Regulation tops out at 6% of global turnover. The GDPR's top tier is 4% (or €20m). These are different instruments.
Key terms - quick answers
What is “AI Regulation”?
Proposed EU regulation (April 2021) for artificial intelligence, with high-risk rules and prohibitions.
What is “High-risk AI systems”?
AI systems subject to stricter rules and some prohibitions under the proposed AI Regulation.