EU AI Act Challenges Businesses Ahead of Enforcement

The EU AI Act, enforced since August 1, 2024, poses compliance challenges for businesses, requiring significant adjustments to their AI systems and increased operational costs. A series by Eversheds Sutherland will provide guidance on navigating these complexities, including a focus on AI literacy, which organizations must comply with by February 2, 2025. Meanwhile, a new study highlights how Gen Z and millennial leaders are rapidly adopting AI tools in their workplaces, enhancing productivity and recruitment processes. A recent panel discussion emphasized that AI can assist rather than replace human roles, particularly in HR, by automating monotonous tasks and improving hiring practices. Additionally, corporate executives are integrating AI into their Diversity, Equity, and Inclusion (DEI) strategies, promoting skill-based hiring to combat biases and ensure quality talent acquisition. This evolution reflects a broader commitment to maintaining effective DEI practices in a changing work environment.