European co-legislators reached a pivotal provisional agreement (Agreement) on the EU AI Act on 8 December 2023 during the last political trilogue, which lasted around 36 hours.

The EU’s ground-breaking legislative framework seeks to harmonise AI regulations across the EU, balancing innovation with fundamental rights and safety. As the EU positions itself at the forefront of digital regulation, the Agreement represents a crucial step towards formally adopting one of the world's first comprehensive AI legal frameworks. The EU AI Act promises to shape the future of AI in Europe and set a global benchmark for the responsible and ethical design, development, and deployment of AI systems. In this article, we give an overview of the latest updates.