
Where are we with the AI Act and what does this mean for your AI governance and compliance efforts?
EU Regulators are considering a Stop-the-Clock on the implementation of the European Union AI Act. Does this mean you should halt your AI governance efforts? Tl;dr: The EU AI Act’s obligations for General Purpose AI models and high-risk AI systems are impending, yet legal uncertainty arises as crucial compliance tools are delayed. Despite "Stop-the-Clock" talks, halting AI governance is ill-advised. Risks are here now, future compliance is vital, and ethical AI simply leads to better products. Proactive steps in AI literacy, AI governance, and keeping track of relevant guidelines and standards are crucial for businesses to navigate the evolving landscape.