EU AI Act to Enter into Force

The EU’s AI Act will come into force on 1^st August 2024. Cited by the Commission as the ‘world’s first comprehensive AI law’, The Act has caught the attention of organisations across the globe with its focus on responsible innovation, wide extra-territorial reach, high fines and prohibition on certain types of AI which pose an unacceptable risk.

In this briefing, produced jointly with Cravath Swaine & Moore LLP, we highlight some of the key aspects of the EU AI Act (“the Act”), focussing on ten key questions. We also look at what practical steps organisations can take now to comply with the Act, and how the Act compares with the approach to AI regulation being taken in other jurisdictions like the UK and US.