Fines up to 7% of global revenue or 40 million euros, whichever is higher.
As an organization using or building AI systems, you are responsible for ensuring compliance with the EU AI Act and should be using this time to prepare. Overall, the information you are responsible for providing to both the public and the European Commission will depend on the risk level of your AI use case and additional context regarding how your AI system was built and trained on data.
Depending on the risk threshold of your systems, some of your responsibilities could include:
Providing a declaration of conformity, stating that your system has been assessed by a notified body within the European Union, and that you have affixed either a physical or digital CE marking to your AI system.
Providing technical documentation that includes information such as:
- A general description of the AI system
- A detailed description of the elements of the AI system & process for its development
- Detailed information about the monitoring, functioning, and control of the AI system, in particular with regard to: performance, accuracy, intended purpose, foreseeable unintended outcomes and sources of risks to health and safety, fundamental rights, and discrimination, human oversight measures needed in accordance with Article 14, interpretation of the outputs of AI systems by the users, specifications on input data, as appropriate
- A detailed description of the risk management system
- A description of any change made to the system throughout its lifecycle
Providing a list of harmonized standards applied in full.
Providing a detailed description of the post-market monitoring plan.
Conducting a risk assessment to determine the level of risk associated with your AI system. Ensuring that your AI system complies with the specific requirements for its level of risk, and providing transparency and disclosure about your AI system as required.
Register your organization’s AI Use Cases in our AI Registry to be able to see whether they are “high risk” (or minimal/limited risk)
Get access to a list of yes/no questions that map to the requirements of the EU AI Act and a report template that provides a “readiness score” that aligns with the % of EU AI Act requirements that the organization is meeting.
Learn how “ready” for EU AI Act compliance a particular Use Case is and provide a clear list of all of the things that still need to be done to get in compliance with the EU AI Act