In this episode, we take a deep dive into the EU AI Act, its current state, and its implications for AI regulation and compliance within Europe and beyond.
Armstrong begins by clarifying the misconception that AI is unregulated in Europe by detailing existing cases where regulators have leveraged GDPR to address AI-related issues, including suspensions and fines against AI companies.
The EU AI Act, which reached political agreement in December 2023, has a risk-based approach, a two-year period until full implementation, and a potential impact on corporations, particularly in terms of compliance and competitive advantage.
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