EU introduces AI Act to regulate artificial intelligence use across member states

The EU's AI Act is a new regulation aimed at ensuring the safe and ethical use of artificial intelligence. It applies to all organizations using AI in the EU, regardless of their location. Non-compliance can result in fines ranging from €750,000 to €35 million. The Act categorizes AI systems into four risk levels: Unacceptable, High, Limited, and Minimal. Unacceptable systems are banned, while High-risk systems face strict requirements. Limited-risk systems must ensure user awareness, and Minimal-risk systems have no specific requirements. Businesses must update their AI policies, conduct audits, and develop compliance strategies. Staff training is essential for understanding the new regulations and ensuring proper oversight of AI systems.