AXIOS December 11, 2023
The European Union’s comprehensive AI regulations, finalized Friday after a 36-hour negotiating marathon, come with a catch: The EU is stuck in a legal void until 2025, when the rules come into force.
Why it matters: As the first global power to pass comprehensive AI legislation, the EU is once again setting what could become worldwide regulatory standards — much as it did on digital privacy rules — but the transition could be bumpy.
Because the law will not be in force until 2025, the EU will urge companies to begin voluntarily following the rules in the interim. But there are no penalties if they don’t.
- The hiatus leaves plenty of room for the U.S. or others to undercut...
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