The EU AI Act: Assessing the Impact on the European AI Market After the June 14 Plenary Vote

The EU AI Act: Assessing the Impact on the European AI Market After the June 14 Plenary Vote


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.

Please Note: Extended description available upon request.


Executive Snapshot
In This Market Note
The EU AI Act: How did We Get Here and Where Are We Now?
Highlights of the EU AI Act
IDC's Point of View
Business Perspective
Use Case Perspective
Market Dimension Perspective
Stakeholder Perspective
Recommendation for Tech Providers
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Synopsis

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