What to Know About the EU AI Act, Effective August 2024
The European Union's AI Act (EU AI Act), effective starting August 1, 2024, represents a comprehensive regulatory framework aimed at managing artificial intelligence applications based on their associated risks. This landmark regulation introduces a tiered system. One that classifies AI systems into the following risk categories (each tied to distinct compliance requirements): Low/no-risk Limited risk High-risk Why was the EU AI Act created? To foster ...