Tag: third-party vendor
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The European Union’s Artificial Intelligence Act (AI Act) represents the world’s first comprehensive regulation of artificial intelligence systems. Understanding who qualifies as a “provider” under this regulation is crucial for compliance, as providers bear the most significant responsibilities and potential liabilities under the Act. In this guide, we provide an exhaustive analysis of the “AI…
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“High-risk AI systems are those that could significantly impact people’s safety, rights, or livelihoods—and they face the strictest EU AI Act requirements.” – Julie Gabriel, CEO and co-founder, legal lead, eyreACT A high-risk AI system under the EU AI Act must meet specific Annex III criteria across sectors like healthcare, employment, and public services. Misclassification…
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The European Union’s Artificial Intelligence Act represents the world’s first comprehensive AI regulation, and at its core lies Article 5—a groundbreaking provision that draws clear red lines around AI practices deemed too dangerous for society. These prohibitions took effect on February 2, 2025, marking a new era in AI governance where certain applications are simply…
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Under the EU AI Act, organisations using third-party AI systems remain accountable for compliance obligations, making vendor due diligence and supply chain management critical. With penalties reaching €35 million or 7% of global turnover, effective vendor compliance strategies can be the difference between regulatory success and catastrophic non-compliance. European AI Act Compliance Course: From Basics…