The presentation will first outline the main new provisions of the recently adopted EU Data Act and the current status of the draft AI Regulation. With regard to the Data Act, the requirements to be observed when data of digital products and associated services are to be used for data analysis will be highlighted. After outlining the significance of these regulations for AI applications, the focus will then be on the innovations of the current draft AI regulation, especially with regard to generative AI applications such as ChatGPT. Subsequently, their significance for practice in the development and design of digital products and services as well as new AI applications will be highlighted and explained.