Aiconomy

EU AI Act

The European Union's comprehensive AI regulation, which entered into force on August 1, 2024, classifying AI systems by risk level and imposing requirements from transparency disclosures to outright bans.

The EU AI Act classifies AI into risk tiers: banned (social scoring, real-time biometric surveillance), high-risk (hiring, healthcare, law enforcement), limited risk, and minimal risk. Maximum fines reach €35 million or 7% of global annual turnover. It is the world's first comprehensive AI regulation and has influenced regulatory approaches globally. Full enforcement begins in August 2026.

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88AI Regulations Passed This Year

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