REGULATION (EU) NO. 2024/1689 AND LAW NO. 8/1996 ON COPYRIGHT. LEGISLATIVE, ECONOMIC, AND SOCIAL IMPACT
PwC studies estimate that the integration of AI into the economy could generate a global impact of up to $15.7 trillion by 2030, with other studies limiting this figure to $13 trillion. China and North America are expected to be the main beneficiaries, accounting for around 70% of the economic growt...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2025-05-01
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| Series: | Challenges of the Knowledge Society |
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| Online Access: | https://cks.univnt.ro/download/cks_2025_articles%252F4_CKS_2025_INTELLECTUAL_PROPERTY_LAW%252FCKS_2025_INTTELECTUAL_PROPERTY_LAW_002.pdf |
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| Summary: | PwC studies estimate that the integration of AI into the economy could generate a global impact of up to $15.7 trillion by 2030, with other studies limiting this figure to $13 trillion. China and North America are expected to be the main beneficiaries, accounting for around 70% of the economic growth generated by AI. Europe, in comparison, is estimated to benefit from only $2.5 trillion, representing around 16% of global growth. Digital data is identified as a key asset and a major source of intellectual property revenue. Complying with the requirements of the regulation will generate additional costs. However, the long-term benefits are expected to outweigh these costs. Investments in compliance will also stimulate the development of new technologies and services to help companies comply. From a national legislation point of view, it will need to adopt European legislation and transpose Regulation 2024/1689 into a new law in Romania that harmonizes the legislation. In this study I will analyze the legislative, social and economic impact of the first regulation of AI through Regulation (EU) 2024/1689 at the EU level, then at the Romanian level and how it impacts Law no. 8/1996 and national copyright legislation. |
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| ISSN: | 2068-7796 2359-9227 |