What is the EU AI Act?

The European Union's AI Act, which took effect on August 1, 2024, represents a landmark regulatory framework aimed at governing artificial intelligence (AI) technologies across the EU. This legislation is notable for its risk-based approach, categorizing AI systems based on the potential risks they pose to individuals and society.

The AI Act establishes a comprehensive set of rules and obligations for AI developers and users, particularly focusing on high-risk applications. Key aspects include risk classification, high-risk applications, transparency and accountability.