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Artificial intelligence (“AI”) literacy is a new buzz word in the AI and data governance domain. The reason for this increased focus? A wave of regulatory guidance and requirements in the UK and the EU effectively makes AI literacy a must-have for organisations that develop, deploy, or use AI. Beyond simply upskilling staff, AI literacy offers a significant advantage: it enables core functions to effectively screen, detect and manage AI risks, ensuring compliance with the relevant regulatory requirements.  

Navigating the world of AI regulation can feel like a maze. Transparency is key, and two major pieces of legislation – the EU AI Act and GDPR – are essential guides. This article breaks down the core transparency requirements, focusing on what really matters for in-house counsel. The AI Act focuses on making sure people are aware when they're interacting with AI. Many of the specific transparency obligations under the AI Act are derived from Article 50, which focuses on information requirements for providers and deployers of AI systems.