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AI Comply: Your proactive path to compliance!
The EU AI Act is a new regulation governing the development, deployment, and use of Artificial Intelligence (AI) models across the European Union. It aims to strike a balance between promoting the benefits of AI and mitigating potential risks to safety, fundamental rights, and fairness.
Non-compliance with the Act can result in significant fines (up to €35 million or 7% of your global turnover) and potential bans on specific AI models. This could significantly disrupt your business operations and damage your reputation.
Yes, the EU AI Act can still impact your business if:
The EU AI Act organizes AI systems into four categories, depending on their impact on safety and fundamental rights:
AI Comply helps with risk classification and navigating the requirements for each category.
While a low-risk assessment is a positive sign, demonstrating it through AI Comply can be valuable. It showcases your commitment to responsible AI development and helps build trust with regulators and customers.
Yes, the Act applies to deployers of AI models as well. AI Comply can guide you on your obligations as a deployer.
Yes, the fines for non-compliance are severe, reaching up to €35 million or 7% of your global turnover. Here are some potential consequences of non-compliance:
Fines: Regulatory bodies can impose significant financial penalties.
Market Bans: Your AI model may be banned from the EU market.
Reputational Damage: Non-compliance can erode customer trust.
Lost Business Opportunities: Non-compliant businesses may miss out on EU opportunities.
AI Comply streamlines your business's journey to EU AI Act compliance, catering to various roles such as Providers, Importers, Distributors, and Deployers:
AI Comply simplifies AI compliance by offering customized roadmaps tailored to your model's risk category, automated documentation for generating specific compliance reports, expert training for responsible AI practice implementation, and ongoing non-legal support from AI compliance experts for continuous assistance.
*Please note that not all features may be available as we are still developing this solution.
Absolutely! AI Comply offers a tailored solution for businesses of all sizes. For startups and small and medium-sized businesses (SMBs) that often face constraints in compliance resources, AI Comply provides an accessible and budget-friendly approach, simplifying the compliance journey. Larger organizations also benefit from AI Comply's services, as it streamlines the compliance process, ensuring all AI models adhere to the required standards efficiently.