The AI Act's rules on banned AI systems including facial recognition systems start to apply 2 February. View on euronews

In the EU, the AI Act has been approved, carrying significant implications for medical device, technology, and pharmaceutical firms. In the US,

According to German MEP Andreas Schwab, the digital EU regulation should apply to cloud and AI services to prevent their providers from dominating the market before it’s too late. View on euronews

One of the main problems of the EU AI Act is its risk-based approach to AI regulation. Under the Act, AI systems are classified by their risk level, and high-risk systems will be subject to the most strict requirements. This classification system is problematic for several reasons:

The world’s most significant and far-reaching AI regulation is about to kick into gear, and companies have been readying their compliance while waiting for clarifying guidance.

The EU AI Act strikes a balance between AI innovation & safety. It establishes clear guidelines for risk management, ongoing monitoring, & human supervision.

Royal Philips NV urged the European Union not to create regulatory hurdles that might slow progress in artificial intelligence, amid growing concern about the continent’s absence in the race to develop the technology.

The EU has used trumped-up ‘antitrust’ complaints as a device to loot U.S. high tech companies for years. The appropriate response should be retaliation.

AI, biotech and affordable clean energy will be the focus of an EU drive to make the bloc globally competitive and ensure it keeps pace with rivals the United States and China, according to a draft European Commission paper seen by Reuters.

Contributors Erica Werneman Root, Monica Mahay and Hatla Færch Johnsen describe the process of designing a comprehensive AI literacy program that fits the organizational context.

As the February 2nd deadline approaches, CISOs and CCOs face the pressing task of aligning their organizations with the EU AI Act’s stringent requirements. Chapter 1, Article 4 mandates AI literacy for all staff involved in AI operations,

I believe that as we move into 2025 and 2026, a balance between innovation, governance and ethics will be essential to get the best from AI.