European Union Endorses Comprehensive AI Regulation

Artificial Intelligence is increasingly becoming a staple in our modern world, from the latest ai news & ai tools to AI video generator applications that are shaping the digital landscape. As such technologies advance, the European Union has recently taken a monumental step in establishing the world’s first comprehensive horizontal legal framework to regulate Artificial Intelligence systems across its member states with the finalized and endorsed Artificial Intelligence Act (“EU AI Act”).

As of January 22, 2024, substantial documents of the upcoming law were leaked, revealing an in-depth 892-page table comparing different mandates of the EU AI Act, followed by a cohesive 258-page document providing consolidated text. All 27 EU Member States backed the finalized version on February 2, marking a significant milestone in AI governance.

The EU AI Act is set to offer a new and robust definition of “AI systems.” These systems are now understood as “machine-based systems designed to operat