EU AI Act

Working since April 28, 2021, ForHumanity has analyzed all iterations of the EU AI Act to draft an auditable certification scheme that can be applied by Independent third-party assurance providers, notified bodies, and auditors to confirm conformity with the act. The EU Artificial Intelligence Act (EU AI ACT) is part of an intertwined set of laws and regulations that govern the use of artificial intelligence (AI) in the European Union. This law prohibits certain uses of AI and regulates the use of AI that have been deemed to be a “high risk” to the health, safety, and fundamental rights of EU citizens. “High Risk” is defined in multiple places in the law, especially Annex I Section A & B and III and can be described in Recital 5 as being material or immaterial including physical, psychological, societal or economic harm. Further the law aims to govern the use of Foundation Models (aka General-Purpose AI) by both Providers and Deployers in the European Union. The Act establishes a set of compliance requirements and regular oversight to ensure conformity. Conformity may be determined by self-assessment or third party assurance by notified bodies. Transparency and disclosure requirements are also included and must be submitted to national supervisory authorities.