The new EU AI Act

April was a watershed moment for AI regulation. The European Union (EU) Commission published its AI Act, an ambitious proposal for a comprehensive legislative framework for AI - the first from a major global economy. In the words of Margrethe Vestager, EU Commission Executive Vice President and Technology Commissioner, the aim is'for Europe to become a global leader in trustworthy AI'. The Act will apply to organisations providing or using AI systems in the EU. But it will also apply to providers and users located in other countries, including the UK, if their AI systems affect individuals in the EU.