Landmark, seismic, pivotal – whichever adjective you prefer to use, there’s no doubt the AI Act is a game-changer. It is the first proposed set of rules to take a comprehensive approach to AI regulation in one of the world's biggest markets, the European Union.

The Act has been commended for its joined-up thinking, its risk-based approach to AI regulation, and its emphasis on safety and transparency. However, when the legislation takes effect, businesses will be operating in an entirely new paradigm when it comes to developing and deploying AI systems.