The European Union's Parliament has passed a significant piece of legislation aimed at regulating artificial intelligence (AI), marking a global first in the effort to balance innovation with the protection of fundamental rights. The EU's AI Act introduces measures to prohibit AI systems considered to pose an 'unacceptable risk' and imposes stricter controls on those deemed 'high risk'. This landmark legislation is part of a broader initiative to address both the positive aspects and potential abuses of AI technology. In response, various organizations and entities, including Harvey, which recently raised $106M from notable investors like OpenAI, Sequoia, and KP, and reported a $0-15M ARR in the last 12 months, are expanding their teams to adapt to the new regulatory landscape. Additionally, the EU AI Office is actively seeking EU citizens with AI expertise to assist in implementing the Act by March 27th, highlighting the urgent need for skilled professionals to navigate the complexities of AI regulation and potentially regulate models like GPT-4 and Claude 2.