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ARTICLE · 20 FEBRUARY 2024

The EU AI Act: What Should You Do Now?

Norton Rose Fulbright
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Businesses could have as little as six months to get ahead of the imminent AI legislation, leaving little to make the necessary adjustments.

European UnionTechnology
Marcus Evans
Marcus Evans

Businesses could have as little as six months to get ahead of the imminent AI legislation, leaving little to make the necessary adjustments. If you're engaged in a prohibited practice, you need to identify it and do something about it now, as this is the category that holds the highest penalties (up to 7% of worldwide revenue).

Get a head-start on the AI Act using our checklist of steps you should be taking now:

  1. Establish and AI governance process – even without the AI Act and in addition to it, the use of AI today requires you to meet data protection, employment, human rights and financial regulatory obligations
  2. Make an AI inventory
  3. Determine if your AI falls into one of the categories

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