The European Union has announced the creation of a dedicated AI Office to oversee the implementation of the new AI Act, which is set to become law this summer. The AI Act, regarded as one of the most comprehensive AI regulations globally, uses a risk-based approach to regulate AI technologies and will apply two years post-publication. The AI Office, established within the European Commission, will play a crucial role in enforcing rules for general-purpose AI models, supporting governance bodies in Member States, and fostering innovation. The office will consist of tech experts, lawyers, and economists to ensure compliance and address the social impact of AI. The announcement was made on May 29, and the office will also oversee regulations in financial services.