Why advising on the AI Act before the final text is published is a major gamble

Amazing how many posts I see from law firms and consultants about the AI Act and saying they can advise on the implications for businesses – before the details of the final text are known! We know some of the general ideas, but don’t run to lawyers just yet for precise advice – or risk getting inaccurate and incomplete information.

Yes, you should already put good AIgovernance processes and procedures in place, and they might already help you be AIAct-ready in some cases – but you won’t know for several weeks. [We’ll gladly help, and we always tell clients that there is far more to that in terms of legislation, from GDPR to intellectualproperty rules, with confidentiality requirements, ethics, labour law and unfair commercial practices in the mix among other things.]

Glad to see some are honest in their communication – hat tip to Osborne Clarke in that respect, which has published a good overview of what we know and what we don’t know yet about the ArtificialIntelligence Act:
https://lnkd.in/ejrQqvaq