Overview of the European Union AI Act

The EU AI Act is the world's first comprehensive AI law that aims to regulate the use of artificial intelligence in the EU. It establishes rules for trustworthy AI and sets obligations based on the level of risk and impact. The act categorizes AI systems as unacceptable risk, high risk, general purpose and generative AI, and limited risk. It aims to protect fundamental rights, ensure safety and transparency, promote trust and facilitate innovation. The act is seen as a significant step in AI regulation and sets a global standard for AI laws.