The AI Act is the EU's risk-based framework for AI systems, banning unacceptable-risk uses and imposing strict obligations on high-risk and general-purpose AI providers and deployers.
Who it affects
- Providers placing AI systems on the EU market
- Deployers using AI in the EU, including non-EU established
- Importers and distributors of AI systems
- Providers of general-purpose AI (GPAI) models
Key obligations
- Risk classification and conformity assessment for high-risk systems
- Data governance, technical documentation and human oversight
- Transparency for users interacting with AI and for synthetic media
- Post-market monitoring and serious-incident reporting
Penalties
Up to €35m or 7% of worldwide turnover for prohibited-AI breaches; lower tiers for other infringements.
How RisQo helps
RisQo's AI Risk Report maps a counterparty's model footprint, governance gaps and incident signals against AI Act categories to flag exposure before contracting.
This explainer is provided for informational purposes only and does not constitute legal advice. Always consult qualified counsel before making compliance decisions.