Explore the complex landscape of AI regulation and ethics in this 48-minute EuroPython Conference talk. Delve into the European AI Act, examining its 224 pages of legal intricacies and understanding its main goals of ensuring AI safety, protecting fundamental rights, and providing legal clarity for businesses and developers. Navigate through risk-based AI categories, subsectional articles, and ethical considerations while learning how to construct legally safe software that adheres to EU regulations. Gain insights into the necessity of a globally harmonized legal system for AI and discover how developers can shield fundamental rights by creating ethical AI systems within the evolving regulatory landscape.