The EU AI Act officially became law on August 1st, 2024, with key measures for prohibited AI uses and AI literacy programs taking effect on February 2nd, 2025. Businesses must understand their obligations under the Act to avoid significant penalties for non-compliance, which can reach up to 7% of global annual revenue or 35 million EUR.
The European Union has introduced the AI Act to regulate artificial intelligence, focusing on definitions, literacy, and prohibitions on high-risk AI practices. While the regulations aim to promote innovation and responsible AI use, they pose significant challenges for startups and small businesses due to the extensive compliance requirements.
The EU AI Act’s implementation has led to an 866% increase in AI course enrollments among enterprise learners, highlighting a growing demand for AI education. As businesses comply with the Act’s requirements, they are embedding AI learning into their training frameworks to prepare for the evolving digital landscape.