Why does EU AI Act matter in your business?

In this episode of the Fit4Privacy Podcast, host Punit Bhatia explores the EU AI Act— why it matters, what it requires, and how it impacts your business, even outside the EU. You will also hear about the Act’s risk-based approach, the four categories of AI systems (unacceptable, high, limited, and minimal risk), and the penalties for non-compliance, which can be as high as 7% of global turnover or €35 million. Just like GDPR, the EU AI Act has global reach—so if your company offers AI-based products or services to EU citizens, it applies to you. Listen in to understand the requirements and discover how to turn AI compliance into an opportunity for building trust, demonstrating responsibility, and staying ahead of the competition. KEY CONVERSION  00:00:00 Introduction to the EU AI Act  00:01:22 Why the EU AI Act Matters to Your Business  00:03:40 Risk Categories Under the EU AI Act  00:04:52 Key Timelines and Provisions  00:06:07 Compliance Requirements  00:07:09 Leveraging the EU AI Act for Competitive Advantage  00:08:38 Conclusion and Contact Information    ABOUT HOST  Punit Bhatia is one of the leading privacy experts who works independently and has worked with professionals in over 30 countries. Punit works with business and privacy leaders to create an organization culture with high privacy awareness and compliance as a business priority. Selectively, Punit is open to mentor and coach professionals.    Punit is the author of books “Be Ready for GDPR' which was rated as the best GDPR Book, “AI & Privacy – How to Find Balance”, “Intro To GDPR”, and “Be an Effective DPO”. Punit is a global speaker who has spoken at over 30 global events. Punit is the creator and host of the FIT4PRIVACY Podcast. This podcast has been featured amongst top GDPR and privacy podcasts.    As a person, Punit is an avid thinker and believes in thinking, believing, and acting in line with one’s value to have joy in life. He has developed the philosophy named ‘ABC for joy of life’ which he passionately shares. Punit is based out of Belgium, the heart of Europe.    RESOURCES  Websites www.fit4privacy.com,www.punitbhatia.com  Podcast https://www.fit4privacy.com/podcast  Blog https://www.fit4privacy.com/blog  YouTube http://youtube.com/fit4privacy