The EU AI Act is Here, and the Clock is Ticking!

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The EU AI Act is Here, and the Clock is Ticking!

The EU AI Act has been officially published in the OJEU and is set to go into force on August 2, 2024. The Act establishes compliance deadlines for various AI-related activities, including modifying prohibited AI systems and ensuring General Purpose AI models are compliant.

Companies operating in the EU need to be aware of the AI Act's broad scope, which extends beyond the GDPR. The Act applies not only to EU-based operations but also to entities outside the EU that may fall under its regulations. It is crucial for businesses to understand their potential risks and obligations under the new regulatory landscape.

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