EU AI act is a very comprehensive, legally binding framework that covers both single purpose (AI) and general-purpose AI systems (GPAI).  It applies to organizations that market or use AI. The EU AI Act has defined four levels of risks: unacceptable risk, high risk, limited risk, and low risk. There are different rules and obligations for different risk levels. Unacceptable Risk: These are prohibited within EU. Social (credit) scoring is an example of unacceptable risk use case. High Risk: This is the focus of regulations. Financial solutions andbiometric identification are some examples of high risk use cases. Limited Risk: The regulations are mainly focused on transparency. Chatbots are an example of limited risk. Low Risk: Not restricted by regulations. Process optimization is an example of low risk use case.