EU AI Act Phase 2 Kicks In: What Every AI Company Must Know Before June 2026
High-risk AI system providers now face mandatory audits, incident reporting, and transparency requirements. Non-compliance fines can reach €35M or 7% of global revenue.
Global laws, frameworks, and policies governing how AI systems are built and deployed.
AI regulation is accelerating globally, driven by concerns over bias, safety, privacy, and labor displacement. The EU AI Act is the most comprehensive framework, but the US, UK, China, and Canada are all developing their own approaches. In the US, executive orders and sector-specific guidance from the NIST AI Risk Management Framework are the primary tools. In China, the Generative AI Regulation (effective August 2023) mandates content filtering and registration for generative AI products. Industry observers increasingly see regulation as a competitive moat for well-resourced companies that can afford compliance.
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