EU AI Act is world's first comprehensive AI law promoting innovation and protecting health, safety, and rights. It categorizes AI systems by risk, with compliance phased in by 2027. High-risk systems face stringent obligations; unacceptable risks are prohibited. The Act emphasizes transparency, human oversight, and adapts to technological changes. Support exists for SMEs, ensuring streamlined processes and reduced burdens. AI literacy is critical for compliance. The Act addresses various areas like biometric data and outlines specific prohibitions, ensuring responsible AI use.
