TechLaw

Artificial Intelligence: algorithms and regulated sectors

A challenge for companies and for regulators

On 13 March, the European Parliament approved the world’s first Artificial Intelligence Act. The Act is currently in the final stage of legal-linguistic revision, and needs to be formally adopted by the Council. It will enter into force 20 days after its publication in the OJEU, and will be fully applicable 24 months after its entry into force, subject to some exceptions.

At Pérez-Llorca, we are currently analysing the approved text and we will shortly provide a detailed summary of the most significant changes with regard to the initial proposal presented by the Commission.

Today we present the fourth issue of our series of publications on artificial intelligence. On this occasion, we analyse its interaction in three regulated sectors: (i) in financial markets, highlighting how its integration in high frequency trading (HFT) has transformed the dynamics of these markets by implementing fast and accurate decisions; (ii) in GreenTech, analysing how the current text of the AI Act consistently integrates the principle of sustainability in various aspects of its regulation; and (iii) the influence of AI on the market: competition aspects.

You can access the full content here.