Question 1

What is the EU AI Act?

Accepted Answer

The EU AI Act (Regulation 2024/1689) is the world's first comprehensive legal framework for artificial intelligence. It classifies AI systems by risk level — prohibited, high-risk, limited-risk, and minimal-risk — and imposes obligations on providers, deployers, importers, and distributors operating in or supplying to the EU market.

Question 2

Who does the EU AI Act apply to?

Accepted Answer

The EU AI Act applies to providers who develop or place AI systems on the EU market, deployers who use AI systems within the EU, importers and distributors in the AI supply chain, and any entity whose AI system outputs affect individuals in the EU — regardless of where the organisation is based.

Question 3

What are the EU AI Act risk categories?

Accepted Answer

The EU AI Act defines four risk tiers: Prohibited AI (social scoring, real-time biometric ID in public), High-Risk AI (Annex III systems in health, employment, law enforcement, education, critical infrastructure), Limited-Risk AI (chatbots, deepfakes requiring transparency), and Minimal-Risk AI (spam filters, AI-assisted games) with no mandatory obligations.

Question 4

What are the penalties under the EU AI Act?

Accepted Answer

Penalties range up to €35 million or 7% of global annual turnover for prohibited AI violations, up to €15 million or 3% for high-risk non-compliance, and up to €7.5 million or 1.5% for providing incorrect information to authorities.

Question 5

When do EU AI Act obligations take effect?

Accepted Answer

The EU AI Act entered into force on 1 August 2024. Prohibited AI practices must cease by February 2025. GPAI obligations apply from August 2025. High-risk system requirements become enforceable from August 2026, with the full framework operational by August 2027.

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What is the EU AI Act?