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Welcome to this week's edition of The Legal Wire!

We’re dedicated to keeping you informed on the latest in AI regulations, legal tech developments, and expert insights to help you navigate the evolving landscape of artificial intelligence in the legal profession.

• Article spotlight | The EU AI Act came into force

• Headlines | From Around the Web You Shouldn't Miss

• Next Big Thing | The fastest way to build AI apps

• AI Tools | Supercharge your producivity

• ChatGPT | Legal prompt of the week

• AI Tutorials | Integration & application of AI in your legal practice

Compliance & Regulations

The EU AI Act came into force on 1 August – what does this mean for your company?

As of 1 August 2024, the much-anticipated European Union Artificial Intelligence (EU AI Act) has come into force. As the leading jurisdiction in terms of AI regulation, the European Union (EU) has for long set the benchmark for international AI regulation. Accordingly, the commencement of the EU AI Act’s legal force and effect is a major development not only for the EU, but also on an international level.

It is common cause that the EU AI Act is the first and most comprehensive legislation on AI. It is also common cause that the obligations contained in the Act are not insignificant and, notwithstanding that the manner in which the EU will regulate AI is yet to be seen, adequate steps should be taken by companies that want to avoid contravening the Act. This article highlights the key implications for the EU AI Act for companies, and what general compliance would look like.
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Read the whole article here

📰 Nvidia Reportedly Facing Pair of DOJ Antitrust Probes

📰 EU AI Act goes into effect

📰 Paris gives first glimpse at AI's Olympic future

📰 US Copyright Office reports ‘urgent need’ for protection from deepfakes

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The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs ("Materials"), are accurate and complete.

Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations.

The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.