The European Union AI Act, a 458-page document with 113 articles, aims to categorize AI systems based on risk levels: unacceptable, high, limited, and minimal risk. It bans government social scoring systems and manipulative AI systems, with strict compliance requirements for high-risk areas like infrastructure and healthcare. As the AI field continues to evolve rapidly, the legislation will need to keep pace with updates and interpretations. It’s essential for companies to prioritize transparency and risk assessment in their AI development process to comply with the new requirements. The EU AI Act represents a significant step in regulating AI, and its impact on the industry will be closely monitored as it unfolds.