The EU AI Act, which strictly regulates the use of artificial intelligence (AI) in Europe, has been in force since the beginning of August. German companies are now faced with the task of implementing the new requirements. But many are not yet clear about the concrete effects and are hesitant to prepare.
The EU AI Act marks a crucial turning point for companies that use AI in their processes. The new regulations are mandatory for all EU member states and must be implemented within the next two years. However, a Deloitte survey of 500 managers shows that many companies have not yet sufficiently addressed the new requirements.
Uncertainty among German companies
Only 26.2 percent of companies have delved deeper into the issue, while 48.6 percent have not yet taken any concrete measures. This uncertainty could have serious consequences for the companies affected, as non-compliance with the requirements could result in significant penalties.
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Dr. Till Contzen, partner in the Tax and Legal department at Deloitte, warns of the consequences of hesitation: “Implementing the requirements will entail considerable effort, depending on the extent of AI use in a company.” Many companies are not even aware of how much AI they actually use. This ignorance could lead to similar problems to those observed with the introduction of the General Data Protection Regulation (GDPR).
Skepticism about the new regulations
The survey also shows that many companies are skeptical about the EU AI Act. While 39 percent of respondents hope for more legal certainty in dealing with AI, 35 percent do not see much difference. In addition, almost half believe that the AI Act is more of an obstacle to the development and introduction of AI applications. This skepticism is also reflected in the assessment of innovation opportunities: 52.3 percent of companies fear that the regulation could limit their ability to innovate in the field of AI.
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