AI Act Compliance: Key Considerations For Startups (Steptoe)

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AI Act compliance in collaboration with Steptoe and Allied for Startups, during which they explored the critical aspects of the regulation and its implications for startups.
Published/Updated on Jun 21, 2024

Presentation by Anne Gabrielle Haie, Partner at Steptoe & Maria Avramidou, Associate at Steptoe.
Recorded June 18, 2024.

Link to video recording (Google Drive): https://drive.google.com/file/d/1VHb2hrFdV792WpnuDMTyOqnaux9l6Ov3/

Agenda

  • 1. Create an inventory of your AI systems/models and assess whether they fall within the scope of the EU AI Act

  • 2. Classify your AI systems/models

  • 3. Identify your role for each AI system/model

  • 4. Map your obligations for each AI system/model

  • 5. Identify any regulatory overlaps

  • 6. Prepare an inventory of existing documentation and processes, and conduct a gap analysis

  • 7. Identify your internal resources and needs

  • 8. Prepare a roadmap and allocate responsibilities

  • 9. Monitor regulatory developments

  • 10. Get involved in regulatory sandboxes, codes of practice, code of conduct & standardisation

Presentation PDF: https://drive.google.com/file/d/11KW5oD-vnvQhpf9G7CqQYCtvVc-yzQ8z/view

Brief summary and abstract

  1. Introduction to the EU AI Act:

    • Overview of the purpose and scope of the EU AI Act.

    • The importance of ensuring compliance for companies operating within the EU.

  2. Key Requirements and Obligations:

    • Definition of high-risk AI systems and their classification.

    • Mandatory requirements for high-risk AI systems, including risk management, data governance, and technical documentation.

    • Transparency obligations for AI systems interacting with humans, such as chatbots and AI decision-making systems.

  3. Conformity Assessment:

    • Description of the conformity assessment procedures that organizations must follow.

    • Self-assessment for low-risk AI systems and third-party assessment for high-risk AI systems.

  4. Obligations of Providers and Users:

    • Responsibilities of AI system providers, including ensuring compliance and maintaining documentation.

    • User obligations, particularly for those deploying high-risk AI systems in critical areas like healthcare and transportation.

  5. Monitoring and Enforcement:

    • Role of national supervisory authorities in monitoring compliance.

    • Penalties and fines for non-compliance, highlighting the importance of adhering to the Act.

  6. Implementation Timeline:

    • Key dates and deadlines for implementation.

    • Steps organizations should take to prepare for compliance, including conducting impact assessments and updating internal policies.

  7. Best Practices for Compliance:

    • Recommendations for organizations to achieve and maintain compliance.

    • Importance of ongoing monitoring and updating of AI systems to meet evolving regulations.

  8. Q&A Session:

    • Addressing common questions and concerns about the EU AI Act.

    • Clarification of specific scenarios and compliance strategies.