Wondering how the EU AI Act can impact your business?

Here are the four risk categories you need to know

1) Unacceptable Risk: These include social credit scoring or biometric categorization based on sensitive characteristics. These are considered too dangerous for privacy and ethical standards.

2) High Risk: Think about educational or vocational training admissions. For example, an AI system that determines who gets accepted into colleges or another that evaluates creditworthiness or predicts crime and assists in law enforcement.


3) Limited Risk: Some examples include large language models (LLMs) or chatbots. I was consulting with a company deploying chatbots for customer service, and they were worried about the EU AI Act affecting their operations. Fortunately, their chatbot fell under the limited risk category, so they were fine with continuing to use it for their business.

4) Minimal to No Risk: These systems are the safest. Examples include spam filters and AI used in video games.

Stay informed and keep your business compliant with the latest regulations.

If you have more questions, comment them below.

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