The European Union’s AI Act becomes fully applicable on August 2, triggering compliance obligations for general-purpose and high-risk AI systems. A newly formed panel of independent experts will advise the EU’s AI Office as enforcement begins.
The law’s reach extends beyond the bloc’s borders — companies that hire in Europe or sell into the European market will be affected even if they are based elsewhere, making it a significant compliance milestone for technology firms operating globally, including those in India’s IT services sector.
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