18 December 2023
The EU institutions have finally reached a political agreement on the EU's landmark Artificial Intelligence Act (AI Act), following the conclusion of their fifth and final round of negotiations late on 8 December.
This is a crucial milestone and a decisive step for the regulation of AI worldwide. The significance of this achievement should not be underestimated, no matter the work and efforts remaining to reach adoption of the AI Act. As the key stakeholders work to finalise a complete, consolidated final text for approval, we share some initial thoughts and takeaways on some key aspects of the political agreement.
A word of caution: there is currently no complete, reliable final text. Our summary below is informed by the discussions and developments over the past months, as well as information from official publications and comments and statements made by those involved in the legislative process. Organisations will need to see the final text for certainty as to what the requirements and restrictions will be.