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KPMG Law Belgium: Your legal GPS through the AI landscape

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*This title was generated with the help of AI.

Artificial Intelligence (AI) has been on the rise for a long time but has truly emerged as the buzzword in the past year. AI systems can bring substantial advantages to a company, such as reducing costs, creating new applications and revenue streams, enhancing product quality, interpreting data, and more.

It goes without saying that the use of AI also brings numerous legal challenges. Therefore, there is increasing research into the impact of AI on legal concepts in various legal domains, including (inter alia) data protection, liability law, contract law, corporate law, intellectual property law, and banking & finance.

Given the increasing importance of AI, it is not surprising that the demand for adequate regulation is growing louder. The AI Act, an initiative by the European Union (EU), is poised to become the world’s first comprehensive legal framework for AI. Introduced by the European Commission in April 2021, its remarkable journey towards adoption has now entered a new phase. During the last trilogue held from 6 to 9 December 2023, a political agreement was reached on the final text. The agreed text will now have to be formally adopted by both Parliament and Council to become EU law.

The AI Act is set to have three main objectives: (i) safeguarding EU citizens against AI misuse, (ii) ensuring transparency and trust, and (iii) cultivating innovation and competitive growth within this regulatory framework. The AI Act will also implement a risk-based approach, categorizing AI systems into four distinct categories based on risk levels: unacceptable-, high-, limited-, and minimal risk. Various requirements will apply, depending on the category, including transparency obligations, implementing a risk management system, data governance, human oversight, conformity assessments, registration, and more. This comprehensive legislation will span across all entities involved in AI, such as developers, users, importers, distributors, and manufacturers of AI systems.

The AI Act will introduce several legal complexities but don’t miss the opportunity to stay ahead in this transformative era. Stay connected with us to ensure your compliance and success in an AI-driven future.

You might ask yourselves, what challenges your business might be confronted with and how KPMG Law Belgium can help you navigate them? Rest assured, our various teams are well-equipped to handle these upcoming legal challenges, with or without the assistance of AI.

 

Authors: Justine Van den Bon, Sr. Associate - Laura Vanuytrecht, Sr. Associate - Heleen Lauwers, Jr. Associate - Ruben Van Hirtum, Associate

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