EU Publishes Second Draft of AI Code of Practice
Following feedback from 1,000 stakeholders, the draft provides compliance guidance under the AI Act, focusing on AI models launched post 2nd of August 2025. Upcoming discussions in January 2025 will address risk mitigation, transparency, and governance, with the third draft expected by mid-February 2025.
MEPs Push for Improved Consultation
Brando Benifei & Michael McNamara advocate longer feedback periods and early document sharing, addressing challenges smaller organisations face compared to industry lobbyists. Civil society groups call for clearer, measurable provisions while avoiding excessive detail that stifles engagement.
EU Faces Narrative and Enforcement Challenges
Senior figures warn of a false narrative claiming the AI Act stifles innovation, allegedly driven by US interests to undervalue European startups. European Commission officials emphasise the Act’s simplicity, requiring self-assessment for most systems, and aim to increase AI adoption from 8% to 75% across EU companies. MEP Axel Voss highlights severe understaffing in the European AI Office, urging expansion to 200+ staff by 2025 to effectively implement the Act and meet enforcement demands.
Korea Passes Second Comprehensive AI Law
The "Basic Act on the Development of Artificial Intelligence and the Establishment of Trust" takes effect January 2026, solidifying Korea as the second jurisdiction after the EU with comprehensive AI legislation. The law establishes a national AI strategy, AI Safety Research Institute, and mandates transparency and safety for high-impact/generative AI.
Key Takeaways
While Korea positions itself as an AI powerhouse, the EU must tackle narrative issues, resource constraints, and industry skepticism to maintain leadership in global AI regulation.
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