Official announcements from Microsoft or relevant EU regulatory body

EU Enacts World's First Major AI Law Impacting Tech Giants

Aug 12, 2024, 12:46 AM

The European Union has enacted the world's first major Artificial Intelligence (AI) law, known as the AI Act, which came into force on August 1, 2024. This landmark legislation aims to regulate AI development and ensure it is safe and trustworthy. The act is expected to have significant implications for major tech companies such as Google, Microsoft, and Amazon. The AI Act was published in the Official Journal of the EU on July 12, 2024, and is anticipated to influence global regulations through the 'Brussels effect.' Analysts suggest that the reality of the AI Act is more favorable than initially feared, setting a precedent that other regions may follow.