In this guest post, Raza Habib, CEO and co-founder of Humanloop, shares insights on the EU AI Act's implications for developers and startups, emphasizing that the act primarily affects high-risk and foundation model applications. He outlines the categorization of AI systems by risk, compliance requirements for each, and how Humanloop facilitates adherence, particularly for high-risk applications. Habib addresses concerns around stifling innovation and the potential impact on open-source models, suggesting the act is a sensible compromise, with most AI applications facing minimal compliance burdens.