The European Union’s Artificial Intelligence Act, enacted in August 2024, is the first comprehensive legal framework governing artificial intelligence with global reach. The Act aims to ensure that AI systems are human-centric, trustworthy, and safe, with particular emphasis on impacts on health, safety, and fundamental human rights. The Act takes a risk-based approach, with obligations varying based on whether an AI system is considered to pose minimal, limited, high, or unacceptable risk. Integral aims of the AI Act include transparency and accountability in all stages and uses of AI systems. Organizations located within and outside the EU Area must adopt new or preserve existing practices to ensure data quality, reduce bias, and protect user privacy.
