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Will a major AI company be fined under the EU AI Act by January 31, 2025?
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EU AI Act Published, Enforcement Begins in 20 Days
Jul 12, 2024, 07:59 AM
The European Union's Artificial Intelligence (AI) Act has been officially published in the Official Journal of the European Union on July 12, 2024. This landmark regulation, known as Regulation (EU) 2024/1689, is set to enter into force on August 1, 2024, marking the beginning of the enforcement countdown in 20 days. The AI Act represents the first worldwide rules on AI, establishing a comprehensive framework for the regulation of artificial intelligence applications. Key provisions of the Act will start to apply from February 2025, including general provisions and other critical chapters. The publication of the AI Act is a significant milestone in the EU's efforts to regulate AI technologies and ensure their ethical and safe deployment.
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