Summary Bullets:
• With the passage of the EU AI Act, staying on top of issues related to AI and ethics is going to become increasingly important to multinational organizations.
• The need for individuals that can help organizations adapt business processes to meet evolving ethical AI requirements will become increasingly urgent.

The EU AI Act is groundbreaking legislation that strives to hold organizations more accountable for their use of artificial intelligence. It categorizes use cases by risk, stipulates greater oversight of riskier AI use cases, bans certain use cases outright, and requires increased transparency over the use the technology, in addition to many other requirements. While these new obligations provide much-needed consumer protections, they create increased complexity for enterprises already struggling to scale their use of AI. To meet the requirements outlined by the EU AI Act, organizations operating in Europe must start devising a strategy to enhance documentation and oversight of AI technology.