ABSTRACT
On March 13, 2024, the European Parliament approved the EU Artificial Intelligence Act (AI Act). This marks the concluding phase of an extensive process initiated in April 2021. There are still tasks pending for finalizing the text, and the law requires formal endorsement from the European Council. It is expected to take effect twenty days following its publication in the official journal, expected to be in either April or May 2024, and will be fully enforceable twenty-four months thereafter.
