The European Commission published its regulation on artificial intelligence on Wednesday this week. In an article for the IAPP, Hogan Lovells Senior Associate Dan Whitehead writes that the proposals are "bold and comprehensive" with stiff penalty schemes and prohibitions governing high-risk AI systems. The impacts will range across the board, but Whitehead believes the new rules will be "of real consequence to the privacy profession particularly." Whitehead offers up his initial conclusions on the implications of the draft framework. However, BCS, the Chartered Institute for IT, warns that the new AI regulations will require "a huge amount of work" and that companies should begin to prepare for the rules now, according to Research Live.