The EU ends its own arbitrariness. New law from August 2

Although publication in the EC Official Journal is only the beginning of the whole process (these regulations are also to be introduced at the national level, which is currently being worked on by the Ministry of Digital Affairs), it is a specific direction that the Community has taken in terms of artificial intelligence, which has been developing rapidly in recent years. AI has become not only a subject of academic treatises or a solution available to a select few, but a common tool for work, entertainment and banking.

The changes in this last sector are indicated by the cashless.pl portal. According to a survey conducted there, 12 out of 13 banks surveyed use solutions based on artificial intelligence. And more tools of this type are to be implemented in the near future. The new regulations will affect and force adjustments in these sectors as well. What will change?

The main goal of the EU legislator is to introduce safety and ethics standards that will allow to tame the arbitrary growth of this industry. This will translate into regulations related to the transparency of algorithms, marking of content generated by AI and principles of managing the life cycle of artificial intelligence systems. In order to function on the European market, artificial intelligence systems will have to meet specific norms and standards. The regulations cover not only banking, but also healthcare, transport and education.

The regulation comes into force on 2 August, but some provisions are subject to a vacatio legis. The first regulations will enter into force on 2 February 2025. The regulation is binding in its entirety and directly applicable in all Member States, while the Polish Ministry of Digital Affairs is currently working on a draft act that will introduce the regulations from the AI ​​Act into Polish law. The document is available online in our language at this address.