REGULATION31 May 2026· 9 min
EU AI Act: Practical Obligations for B2B SaaS Companies
The EU AI Act is now in force — and B2B SaaS vendors have 24 months to comply or face fines up to €35M. Here's what it means in practice.
SOURCES
[1]European Parliament, 'Regulation (EU) 2024/1689 — Artificial Intelligence Act', Official Journal of the European Union, July 12, 2024
[2]IAPP, 'AI Governance in Practice Report 2024', International Association of Privacy Professionals
[3]McKinsey & Company, 'The Cost of AI Compliance in Europe', McKinsey Global Institute, 2024
[4]Bird & Bird LLP, 'AI Act Readiness: B2B Contract Analysis', 2024
[5]Gartner, 'Predicts 2025: AI Governance and Regulation', Gartner Research, October 2024
[6]European Commission, 'European AI Office — Mandate and Competencies', 2024
[7]WTW, 'AI Risk and the EU AI Act: Insurance and Liability Implications', 2024