23 Jan 2024 --- Food corporations are transforming their businesses through AI but should prepare now for the incoming EU AI Act, according to Julia Buech, a senior consumer foods analyst at Rabo Research Food & Agribusiness. The world’s first major AI regulation, which is expected to come into full force in 2026, will limit AI systems based on their risks to society. In December 2023, the European Parliament reached a provisional agreement with the Council on the AI Act. The Parliament’s priority is to ensure AI systems used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly. EU authorities also want to establish a technology-neutral, uniform definition for AI that could be applied to future AI systems.
