European Union Artificial Intelligence Act Inadequate Against Current Risks
According to a Bruegel analysis, the European Union's artificial intelligence regulations fall short of preventing risks due to auditing challenges and a lack of accountability.
Although the European Union's legal approach in the field of artificial intelligence provides a sense of security, current regulations and auditing capacity remain inadequate against the dynamic risks posed by artificial intelligence, requiring further action.
Limitations of the Artificial Intelligence Act
Even though the European Union's Artificial Intelligence Act includes binding rules, these rules fall short of meeting all artificial intelligence risks and appear quite difficult to enforce with existing capabilities.
Traditional Product Safety Approach
The Artificial Intelligence Act was designed as a traditional product safety law; however, artificial intelligence operates in dynamic environments capable of taking actions that are not fully predictable and not pre-coded.
Vulnerabilities in Auditing Capacity
The European Commission's auditing unit in this field, the EU AI Office, is still in the structuring phase, and thousands of market surveillance authorities are trying to conduct inspections with inadequate resources.
Lack of Accountability Regime
The inadequacy of the accountability regime for units and companies against potential damages makes it difficult for victims to seek their rights in situations such as recruitment and credit rejections.