The models are becoming a commodity; the advantage is what you build around them: the processes, the judgement and the governance that make a tool worth something in your business. The EU AI Act sits inside it: the high-risk obligations have moved under the Digital Omnibus, and we will spend two minutes clearing up what actually changed and what didn’t. Then we turn to what decides whether you spend the next year catching up or building a position: what are you building with AI, and will it hold?