https://techmonitor.ai/technology/ai-and-automation/how-to-prepare-for-a-new-era-of-ai-regulation-eu > In April this year, the European Union (EU) became the first political body to officially set wheels in motion for the regulation of artificial intelligence (AI) with the publication of its Proposal for a Regulation laying down harmonised rules on artificial intelligence. As governments pay increasing attention to the challenges and opportunities posed by AI and the impact it has on citizens’ lives, talk about the need for regulation has also been on the rise. Other countries, including the United States and Australia, are already working on introducing their own regulation around this technology, and they will be looking at the EU for guidance in this uncharted territory. > Many businesses are implementing or exploring AI, meaning that they have a right to be concerned about what this regulation will mean for them. However, as disruptive and innovative as the proposal is, it will not have the same impact on all aspects of AI systems. Understanding how the EU AI regulation will impact them in practice is of key importance for companies if they want to be prepared for when the regulation comes into force.