On August 1, 2024, the EU’s globally unique AI regulation will come into force, and it will affect almost every industry. This means big changes for companies – especially those operating in regulated industries. In this article, we show you how basebox AI is preparing for the requirements of the new EU AI Act while ensuring maximum security and data protection.
A new standard for AI
The EU AI Act sets new standards for dealing with artificial intelligence in Europe. While the AI Act could pose challenges for European companies in the short term, it opens up opportunities in the long term. The EU wants to act as a pioneer and hopes that other nations will follow suit.
Roles in the EU AI Act
The EU AI Act defines various roles for players in the AI ecosystem, including providers, users, and importers. basebox AI itself is not AI, but uses AI technologies. In this context, we see ourselves primarily in the role of a user of AI systems.
The AI models used by basebox AI are open-source models. The AI Act is expected to place specific requirements on the providers of such models. As a user of these models, we are monitoring developments closely to ensure that we can use AI Act-compliant models in the future.
How basebox AI addresses the EU AI Act
Although the exact scope of the application of the AI Act to companies like basebox AI is not yet fully clarified, we have already taken measures that comply with the basic principles of the regulation:
- Data protection and security
- End-to-end encryption to protect data
- Data protection by design: no storage of data or use of prompts for AI training
- Cloud-based solution with instant data deletion
- Planned on-premise solution for maximum control over data
- Transparency and traceability
- Understandable dashboard for clear insights into AI usage and management
- Simple setup and intuitive management
- Risk management
- Comprehensive security protocols to minimize risks
- A dedicated environment to protect company knowledge
- Compliance
- GDPR Compliance
- Hosting in Europe and development in the secure programming language Rust
Outlook
While the EU AI Act is a complex regulation with many details still to be clarified, we at basebox AI are relaxed about the upcoming requirements. Our architecture and approach to data processing are designed to be fundamentally aligned with the objectives of the AI Act.
We are closely monitoring developments around the EU AI Act and will continuously adapt our platform to ensure that we meet future requirements. As soon as AI Act-compliant models are available, we will integrate them into our offering.
Conclusion
The EU AI Act presents companies with new challenges in dealing with AI. basebox AI is prepared to tackle these challenges. With our platform, we offer a solution that is not only secure and data protection compliant, but also easy to use. We are continuously working to keep our services in line with evolving regulatory requirements.
You can find the full text of the EU law here: https://artificialintelligenceact.eu/the-act/
If you want to test basebox AI, we’ll give you 1 million tokens worth €149 to get you started: https://beta-signup.basebox.ai/
