2027 arrives with three structural forces converging at once. The EU AI Act's high-risk obligations begin to bite in earnest, with enforcement for standalone high-risk AI systems landing in December 2027. The European Health Data Space (EHDS) reaches its first major milestone in March 2027, when the key implementing acts are published and the secondary-use framework starts taking concrete shape. A wall of private capital, private equity dry powder, strategics flush from the G