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Navigating Shifts in Law and Innovation
Because innovation often evolves more rapidly than legal systems, businesses face both challenges and opportunities. Axioma’s insights and news help clients anticipate these shifts, converting potential risks into strategic advantages and fostering success in a constantly changing environment.
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The EU Artificial Intelligence Act (AI Act) officially entered into force on 1 August 2024 and is the world’s first holistic legal framework dedicated to artificial intelligence. It will progressively implement new rules, with key provisions becoming applicable from 2025 onward.
As mentioned in Part 1, the EU AI Act's requirements are proactive, which can be hard to satisfy for a startup. It can be challenging for many early-stage tech companies to read over these regulations and begin to navigate their application.
Companies not complying with the EU AI Act may face heavy fines like those listed in the General Data Protection Regulation (GDPR). The Act includes a penalty structure that encourages compliance.
With the EU AI Act setting the groundwork for AI technologies will be built, startups should focus on not only regulatory compliance but also the long-term sustainability of their business model.
The UK’s legal recognition of digital assets, including crypto, as personal property marks a key post-Brexit development. Learn how this shapes the regulatory landscape.
France’s Green Industry Law aims to reduce emissions, streamline procedures for new investments, and foster sustainable innovation. Learn more about its impact.
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Tarik Zahzah
Avocat à la Cour | Attorney at Law
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