The European Union established a new legal framework on August 1, 2024, to govern any company developing or using AI within the European Union. Its primary purpose is to ensure these systems remain safe, ethical, and respectful of human rights. The law requires organizations to sort their AI tools into four risk categories: Prohibited, High-Risk, General-Purpose, and Minimal Risk. Depending on the category, you must implement specific controls for data governance, human oversight, and system transparency.
