The Artificial Intelligence Act (AI Act) by the European Commission wants to establish a common regulatory and legal framework for artificial intelligence. The AI Act uses a risk-based approach and sets out a series of escalating legal and technical obligations depending on whether the AI product or service is considered low, medium or high risk, while some applications of AI will be banned outright.
High-risk systems, such as AI for autonomous vehicles, medical devices or industrial automation, pose significant threat to the health, safety or the fundamental rights of individuals. They require a mandatory conformity assessment before being launched on the market, carried out as a self-assessment by the provider. Compliance with the AI Act will be mandatory for any organization providing or deploying an AI-based system in the near future. As the AI Act covers a wide range of use cases, it is more likely than not that a company will fall within the scope of the AI Act.
Fraunhofer Institute for Cognitive Systems IKS