Only linguistic or technical details can now be made to the full regulation.
EU ambassadors are due to adopt the act on February 2.
If all goes to plan, the final regulation will be implemented before the European Parliament elections in June.
That leaves businesses and organisations with little time to prepare for the new requirements.
Experts warn that they should start planning immediately.
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More importantly, the leak is a wake-up call for organisations to start working on it, now.
Future changes to the text will not affect the substance of the act.
Some provisions will become enforceable earlier than others.
Iannopollo recommends taking a close look at the acts enforcement timeline.
It will take time to get all of this going, Iannopollo said.
Global repercussions
Organisations outside the European Union also need to get a move on.
A prominent example was exposed today.
According to another document leaked to Euractiv, the EU plans to establish anAI Officeto support the new regulation.
If the regulation creates excessive burdensand risk-averse environments, it could restrict the benefits of AI.
Its a concern thats been echoed by leading EU politicians.
In December, FrenchPresident Emmanuel Macronwarnedthat the AI Act imperilsEuropeantech companies.
We can decide to regulate much faster and much stronger than our major competitors, he said.
But we will regulate things that we will no longer produce or invent.
This is never a good idea.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
