On February 2, 2024, the European Union enacted the Artificial
Intelligence (AI) Regulation, referred to as the AI Act. This
legislation aims to establish a stringent legal framework governing
the development, marketing, and utilisation of artificial
intelligence within the region, thereby marking a significant
advancement in the regulation of this burgeoning domain.
What is the purpose?
This new regulation aims to establish harmonised rules to ensure
that AI systems in the EU are safe and respect fundamental rights,
while also fostering investment and innovation in the field of
AI.
Who does it apply to?
The AI Act directly impacts businesses operating within the EU,
whether they are providers, users, importers, distributors, or
manufacturers of AI systems. The legislation provides clear
definitions for the various actors involved in AI and holds them
accountable for compliance with the new rules. This means that all
stakeholders must ensure that their AI
