As artificial intelligence (AI) continues its explosive growth within organizations around the world, with virtually every business function exploring opportunities to increase productivity, efficiency and revenue growth, a growing collection of regulations, standards and frameworks is beginning to emerge. Among the most notable of these regulations is the European Union Artificial Intelligence Act, which went into effect in August 2024. The EU AI Act aims to address various aspects of AI, including accountability, risk management, data governance, robustness, security and transparency.

In this whitepaper, we provide answers to some of the questions about the act that are heard most frequently in the market today.