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The European Union's Artificial Intelligence Act (Regulation 2024/1689) enters full force on August 2, 2026, marking the deadline for General Purpose AI (GPAI) model providers to comply with the regulation. The AI Act establishes a risk-based framework classifying AI systems into four categories: unacceptable risk (banned), high-risk (requires conformity assessment), limited risk (transparency obligations), and minimal risk (unregulated). GPAI providers must meet transparency requirements, with reduced obligations for open-source models and additional evaluations for high-capability models. The regulation applies extraterritorially to providers outside the EU if they have users within the EU. A European Artificial Intelligence Board has been established to ensure compliance and coordinate enforcement across member states. European Commission Digital Strategy reported the core details. EU Artificial Intelligence Act Implementation Timeline noted additional context. AI Act Service Desk FAQ added corroborating details.