The EU AI Act is Now in Effect: AI Applications Classified by Risk Levels
The EU AI Act came into effect on August 1, 2024, marking the beginning of a new era in AI regulation. The Act establishes clear standards and compliance requirements for AI applications within the EU, reflecting a governance strategy based on risk management. Following the implementation of the Act, AI developers and applications will be classified according to their risk levels, subject to varying compliance timelines. The use of AI technologies is prohibited in specific circumstances, such as law enforcement using remote biometrics in public spaces. High-risk AI applications must undergo stringent assessments and regulatory audits, while low-risk applications require.
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