EU AI Act's First Compliance Deadline: High-Risk AI Banned

February 2nd marks the first compliance deadline for the EU AI Act, banning AI applications deemed to pose 'unacceptable risk'. These include AI used for social scoring, manipulative decision-making, exploiting vulnerabilities, crime prediction, and unauthorized biometric data collection. Non-compliant companies face fines up to €35 million. While some companies preemptively signed the EU AI Pact, clarity on implementation details, including interactions with other regulations and exemptions, remains pending. Further guidelines are expected in early 2025.