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Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. In this episode, we delve into the complex provisions of the new EU AI Act, exploring its global effects and extraterritorial implications similar to the GDPR. Tom, Jonathan and a few friends discuss the multifaceted regulatory framework, which combines elements from EU antitrust law, GDPR, and EU medical device rules, and highlight the need for transparency and compliance for AI developers and corporations using AI. We also address enforcement timelines, the importance of an AI inventory, and practical steps for compliance officers to ensure adherence to the new regulations. Key Takeaways: Overview of the EU AI Act Enforcement and Compliance Corporate Responsibilities and Compliance Strategies Enforcement Mechanisms and Penalties Practical Steps for Organizations Challenges and Governance Resources: Connect with Tom Fox Instagram Facebook YouTube Twitter LinkedIn Connect with Jonathan Armstrong Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices