target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Note - Doc Document number: # EUR150931223
The EU AI Act: Assessing the Impact on the European AI Market After the June 14 Plenary Vote
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Abstract
This IDC Market Note describes the features of the EU AI Act, which was recently approved on June 14, 2023, in a European Parliament plenary vote, marking a milestone moment as the first regulation made on artificial intelligence made by a major regulatory body. This document describes the timeline that has led to the plenary vote approval, analyzes the specific features of the regulation. It then provides IDC's point of view on the potential impact and consequences of the regulation on the AI market, technology providers, and end users.