The new law, which takes a risk-based approach, will prioritize the protection of the public by implementing limitations and standards to reduce risks and safeguard human rights. It is expected to be signed by the presidents of the European Parliament and the European Council and will be published in the records in the coming days. Once published, it will come into force within 20 days, with instructions being implemented gradually.
Atty Lior Etgar, partner and head of privacy and information protection at EBN Ardinst office, Ben Natan Toledano, believes that this law will have a significant impact on Israel soon. He predicts that it will shape the development of AI algorithms and guide the market towards creating applications that prioritize transparency, work process supervision, and product design.
In addition to this, Etgar also anticipates the emergence of a new industry alongside AI sector focused on developing tools for documenting and managing AI databases. This industry will impact intellectual property, privacy protection, and ethics, further reinforcing the need for compliance with this law’s provisions.
