After months of negotiations, the European Parliament and
Council have reached a political agreement on the EU's
Artificial Intelligence Act (“AI Act”). The AI Act is a
landmark in global AI regulation, reflecting the EU's
objective to lead the way in promoting a comprehensive legislative
approach to support the trustworthy and responsible use of AI
systems. The AI Act follows other major EU digital legislation,
such as the General Data Protection Regulation (GDPR), the Digital
Services Act, the Digital Markets Act, the Data Act, and the Cyber
Resilience Act.
The EU AI Act aims to guarantee the safety of AI systems within
the EU market and establish legal assurance for investments and
innovation in AI. It seeks to minimise risks for consumers and
reduce compliance costs for providers. The legislation adopts a
prominent risk-based approach, categorising AI systems into four
distinct risk classes, each addressing various use cases. While
outright bans apply to certain
