Asset managers and fintechs face new compliance rules as €35m (US$36.2m) penalties loom for breaches of EU's sweeping AI ...

“The guidelines are designed to ensure the consistent, effective, and uniform application of the AI Act across the European Union ... to the Commission’s timeline, while most of the AI ...

With the passing of the first major compliance deadline of the EU AI Act on February 2, 2025, EU regulators have officially banned certain ...

The European Union has published guidance on what constitutes an AI system under its new AI Act. The risk-based framework for regulating applications of artificial intelligence came into force ...

For background, the EU AI Act entered into force on August 1, 2024, and its requirements are coming into effect under a staggered timeline, with the majority of its provisions being implemented by ...

“The guidelines are designed to ensure the consistent, effective, and uniform application of the AI Act across the European Union,” the Commission wrote in a press release. However, it ...

The European Union ... at ensuring AI systems within the EU market are safe and transparent, especially those with high-risk applications. Among the key elements of the Act are bans on certain ...

Areas of AI risk that the EU AI Act will regulate effectively. • Ojas Rege, who leads privacy and data governance at OneTrust, has 35 years of experience in enterprise security and applications.

and uniform application of the AI Act across the European Union.” “The guidelines provide legal explanations and practical examples to help stakeholders understand and comply with the AI Act ...

The EU AI Act, a first-of-its-kind regulatory ... and can face penalties if they fail to do so. The AI Act bans certain applications of AI which it deems as posing "unacceptable risk" to citizens.