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Andres Rosas Sanchez

Should AI providers worry about EU AI Act?

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The EU AI Act came into force yesterday, with penalties of up to €35 million or 7% of annual turnover. How is this really affecting those creating real AI?
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Elena Tsemirava
The business climate in the EU is already bad, and instead of improving it, they come up with new restrictions. Bravo!
Andres Rosas Sanchez
@elenat I agree, but honestly I think that regulations are a must in this AI career. For the first time, the ethics and moral are crucial in the technology deployment and the society we are just "puppets" of the high tech companies
Parker Robert
With penalties this high, AI providers need to rethink strategies to stay compliant and avoid fines.
Andres Rosas Sanchez
@parker_robert Yep!! Check out traze.ai or the ISO 42001
Hassan Sajjad
The penalties are steep, so AI providers need to ensure their systems are compliant from the start.
Andres Rosas Sanchez
@m_hassan_sajjad Sure... But my point is that I am not sure that companies and "media" is really worried about this regulations. The hace other issues more important than comply with this. What do you think?