The new law, which prioritizes the protection of the public by implementing limitations and standards to reduce risks and safeguard human rights, is expected to be signed by the presidents of the European Parliament and the European Council. It will come into force within 20 days of its publication and its instructions will be implemented gradually.
The impact of this law will be felt in Israel soon as it shapes the development of AI algorithms and guides the market towards the development of applications. Atty Lior Etgar, partner and head of privacy and information protection at EBN Ardinst office, Ben Natan, Toledano believes that industry will need to prepare by creating tools for transparency, supervision of work processes, and the design of products and services.
Etgar also predicts that a new industry alongside the AI sector will emerge in Israel focused on developing tools for documenting and managing AI databases. This industry will impact intellectual property, privacy protection, ethics, reinforcing the need for compliance with the law’s provisions.
