Imagine a world where AI is not just the next big thing, but it is regulated like never before. The EU AI Act, launched in 2024, is the world’s first comprehensive AI law. It reflects a global trend toward responsible AI: recent reports show EU policymakers are keen to balance AI’s promise (smarter healthcare, safer transport) with strict guardrails. In fact, the Act imposes technology and risk-based rules on anyone developing or using AI in the EU, backed by hefty fines (up to €35M or 7% of global turnover).

Key Elements of the EU AI Act

1. Risk-based Classification

The AI Act divides AI into tiers so oversight matches impact:

Unacceptable risk: AI that violates fundamental rights or safety is banned (for example, manipulative social scoring or exploitat…

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