KEY LEARNINGS
  • ✓The EU AI Act is the world's first comprehensive AI law, setting global standards similar to how GDPR influenced data privacy.
  • ✓The regulation uses a risk-based pyramid structure, classifying AI systems as Unacceptable, High, Limited, or Minimal risk.
  • ✓High-risk systems, such as those used in hiring or healthcare, face strict obligations regarding data governance and human oversight.
  • ✓The law applies extraterritorially, meaning companies based outside the EU must comply if they place systems on the EU market.
  • ✓Non-compliance carries massive penalties, potentially reaching up to €35 million or 7% of total worldwide annual turnover.
  • European Parliament and Council. (2024). Regulation (EU) 2024/1689 laying down harmonised rules on artificial intelligence.
  • European Commission. (2024). AI Act: Questions and Answers.
  • Bradford, A. (2020). The Brussels Effect: How the European Union Rules the World.