DecodingtheEUAIActUnderstandingtheAIAct’simpactandhowyoucanrespondKPMG.MaketheDifference.KPMGInternationalkpmg.com/trustedaiContents0305071117IntroductionExecutivesummaryExaminingtheAIUnravellingtheAINextstepsAct’simpactandAct’skeycomponentsscope©2024CopyrightownedbyoneormoreoftheKPMGInternationalentities.KPMGInternationalentitiesprovidenoservicestoclients.Allrightsreserved.DecodingtheEUAIAct2IntroductionSummaryImpactandscopeKeycomponentsNextstepsIntroduction©2024CopyrightownedbyoneormoreoftheKPMGInternationalentities.KPMGInternationalentitiesprovidenoservicestoclients.Allrightsreserved.DecodingtheEUAIAct3IntroductionSummaryImpactandscopeKeycomponentsNextstepsArtificialIntelligence(AI)isofferingnewbenefitstosocietyandbusinesses,Organizationalleadershipaimingtotransformtheworkplaceandmajorindustriesalongtheway.shoulddriveinitiativesinlineSimplyput,theraceisontoembracetheremarkableandevolvingpowerofwiththeAIAct,companyAIandautomation.brand,valuesandrisktolerancetopromoteresponsibleuseAsKPMG’sGlobalTechReport2023reveals,mostInresponse,theEuropeanUnion(EU)hasreachedofAI.Thiscanhelppromoteglobalexecutives(62percent)reportanincreaseinaground-breakingprovisionalagreementonaethicaldevelopment,regulatoryperformanceorprofitabilityfromdigitaltransformationcomprehensiveArtificialIntelligenceAct(AIAct)thatcompli...
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