As of Feb. 2, the first few requirements of the E.U. AI Act are now legally binding, and businesses operating in the region that do not abide by them are at risk of a fine. The next milestone for the AI Act will come at the end of April, when the European Commission will likely publish the final Code of Practice for General Purpose AI Models, according to Rulf. The code will become effective in August, as will the powers of member state supervisory authorities for enforcing the Act. Source: EU AI Act: First Requirements Become [...]