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The EU AI Act (Regulation 2024/1689) entered into force on August 1, 2024, introducing the world's first horizontal AI regulation framework. High-risk AI systems face an enforcement deadline in August 2026, requiring compliance with stringent obligations including third-party conformity assessments, risk management systems, data governance measures, and transparency requirements. AI systems are classified into prohibited, high-risk, limited-risk, and minimal-risk categories, with penalties reaching up to €35 million or 7% of global annual turnover, whichever is higher. Providers and deployers must ensure compliance with classification rules under Article 6, which determines high-risk status based on whether the AI system serves as a safety component in products covered by specific EU laws in Annex I or is listed in Annex III. GDPR Register reported the core details. EU AI Act Service Desk noted additional context. LegalNodes added corroborating details.