The European Union has a new law called the AI Act that regulates artificial intelligence. This law aims to keep people safe and protect their privacy. Companies that break the rules can be fined a lot of money. The EU wants to set the global standard for AI. Some people think the rules are too strict and could stop new ideas from happening. But others believe that having clear rules will make AI safer and more trustworthy. The EU AI Act is just the beginning, and more rules will be added in the future.