How Businesses Can Comply with the EU’s Artificial Intelligence Act

On March 13, 2024, the European Parliament marked a significant milestone by adopting the Artificial Intelligence Act (AI Act), setting a precedent with the world’s first extensive horizontal legal regulation dedicated to AI. 

Encompassing EU-wide regulations on data quality, transparency, human oversight, and accountability, the AI Act introduces stringent requirements that carry significant extraterritorial impacts and potential fines of up to €35 million or 7% of global annual revenue, whichever is greater. This landmark legislation is poised to …

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