EU AI Act
The EU AI Act is the European Union's 2024 regulation that classifies AI systems by risk and sets obligations for providers and deployers — the first comprehensive AI law in the world.
Definition
The EU AI Act (Regulation 2024/1689) is the European Union's horizontal regulation on artificial intelligence, adopted in 2024 and entering into force in phases through 2027. The Act takes a risk-based approach: AI systems are classified as prohibited, high-risk, limited-risk, or minimal-risk. High-risk systems face strict obligations around risk management, data governance, transparency, human oversight, accuracy, and post-market monitoring. Limited-risk systems — including most chatbots and knowledge assistants — must meet transparency obligations such as informing users they are interacting with an AI.
Why it matters
The EU AI Act is the first comprehensive AI law in any major economy. It applies extraterritorially: any AI system placed on the EU market, or whose output is used in the EU, must comply regardless of where the provider is established. Penalties reach up to EUR 35 million or 7% of worldwide annual turnover. For enterprises this means AI procurement must now include AI Act risk classification and provider-obligation verification.
How Volentis.ai handles it
Volentis.ai is classified as a limited-risk system. All transparency obligations are met: every answer discloses that it is AI-generated, every answer cites its source, and customers receive full documentation for their own AI Act impact assessments. Customer data is never used to train foundation models, which keeps downstream obligations simple.