The EU AI Act becomes enforceable law spanning 180 recitals and 113 articles, imposing maximum penalties of €35 million or 7% of worldwide annual turnover for non-compliance. The regulation's phased implementation begins with prohibited AI practices in February 2025, followed by transparency requirements for general-purpose AI models and full enforcement by August 2026. This comprehensive framework establishes the legal foundation for AI governance across all 27 EU member states, creating immediate compliance obligations for any organization deploying AI systems that impact EU markets.