What Does the EU AI Act Require for AI Projects?

The EU AI Act, a regulation of the European Union, governs the development, deployment, and control of AI systems. It requires the categorization of AI systems into four categories: high-risk factor, limited-risk factor, reduced-risk factor, and minimal-risk factor. Each category has specific requirements that must be met. For AI systems in the high-risk category, such as AI systems in medical applications, transparency and cooperation are required to ensure trustworthiness and safety. This includes the ability to understand and control the decision-making of the AI system. For AI systems in the limited-risk category, such as AI systems in the financial industry, specific safety and transparency measures are required, but not the same degree of cooperation. It is important for companies developing and deploying AI systems to consider the categorization and specific requirements of the EU AI Act to comply with the legal framework.