The EU AI Act assigns its rules to every company using AI systems based on four levels of risk which in turn determines what timelines apply to them.
Other AI systems that are determined high-risk, like AIs that collect biometrics and AI used for critical infrastructure or employment decisions, will have the strictest regulations to follow.
About 85 per cent of AI companies fall under the second category of "minimal risk" with very little regulation required.
Heather Dawe, head of responsible AI at the consulting firm UST, is already working with international clients to bring their AI use in line with the new act.
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