The EU Parliament's committees for internal market and civil
liberties overwhelmingly adopted the final text of the Artificial
Intelligence Act (AI Act). The European Parliament will now vote on
the AI Act in a formality that will see it become law in April.
The AI Act's imminent passage ushers in regulatory,
governance, and ethical requirements for companies across the globe
that develop, deploy, import, and distribute AI systems.
Despite its broad reach, the AI Act's practical impacts are
narrower in scope, focusing on a small slice of businesses with
high-risk AI systems. These companies, whose AI systems pose
significant risk of harm to people's health, safety, or
fundamental rights, face the bulk of regulatory requirements.
