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Course Details

This CLE webinar will provide an overview of the European Union's (EU) landmark Artificial Intelligence Act (AI Act) and its extraterritorial impact on U.S. companies. The panel will discuss the AI Act's scope, risk-based approach, application, enforcement, penalties, timeline for implementation, steps U.S. businesses need to take to ensure compliance, and recent developments since the Act's enactment.

Faculty

Description

The AI Act was published on July 12, 2024, and took effect on Aug. 2, 2024, with most provisions becoming applicable in August 2026. The AI Act is considered the world's first comprehensive legal framework for AI and is expected to have far-reaching implications beyond the EU and will likely shape future regulation of AI in the coming years. 

According to the European Commission Report, the AI Act establishes a legal framework for "foster[ing] trustworthy AI in Europe and beyond, by ensuring that AI systems respect fundamental rights, safety, and ethical principles and by addressing risks of very powerful and impactful AI models." The AI Act generally provides for EU-wide rules on data quality, transparency, human oversight, and accountability.

The AI Act establishes a set of risk-based rules applicable to all parties and roles in the AI ecosystem including developers, exporters, importers, deployers, and distributors. The most significant responsibilities fall on providers (those that develop AI or put it into the market) and deployers (companies under whose authority the AI system is used, including employers) based on the potential level of risk that results from the AI.

Since the AI Act's enactment in 2024, the requirements for general purpose AI (GPAI) took effect on Aug. 2, 2025, but the AI Office will not open any enforcement actions prior to August 2026, giving organizations time to assess whether their GPAI models align with the AI Office's recently released guidance for compliance. 

Listen as our authoritative panel explores the AI Act's regulatory framework, summarizes key points U.S. organizations need to understand, and provides practical steps for ensuring future compliance with this highly complex regulatory framework.

Outline

I. Overview and background of the AI Act

II. Scope and definition of AI

III. Affected entities in the AI ecosystem or supply chain

IV. Extraterritorial effect of the AI Act beyond the EU market

V. AI Act's risk-based approach

VI. Limited exemptions for free and open-source AI models

VII. Governance and enforcement

VIII. Penalties for noncompliance

IX. Interaction with data protection laws: GDPR

X. Timeline for implementation of the AI Act

XI. Obligations for GPAI Models effective Aug. 2, 2025, and the EU's recently released guidance for compliance

XII. Next steps for impacted organizations

Benefits

The panel will review these and other key issues:

  • How do the terms and requirements of the AI Act apply to U.S.-based companies?
  • What are steps U.S. organizations need to start taking now to ensure compliance with the AI Act?
  • What parties in the AI lifecycle are impacted by the AI Act, and what are their compliance obligations?
  • What are the penalties for failing to comply with the AI Act?
  • What are recent developments with the AI Act since its enactment in 2024?