The EU AI Act

In Episode 27 of Business Diplomacy Today, Matthias Catón is joined by Till Klein, Head of Trustworthy AI at appliedAI. Matthias and Till explore the forthcoming EU AI Act, including an investigation of its core principles and implications for businesses. Their conversation begins by looking at key points of the EU AI Act, including the EU's risk-based approach, where it tries to classify certain AI practices into four categories. Matthias and Till discuss if such an act will hinder bringing innovation to the European Union due to its requirements around data governance, risk management, and accuracy. As emerging technologies are constantly evolving, Matthias and Till further analyse how quickly the AI Act may become redunant and how to navigate this complexity, both from a governance and business perspective. Although AI regulation is not new, both in the EU and other regions, Matthias and Till provide an insightful episode for those interested in understanding how (and why) regulation is conceived and its evolving implications on businesses and societies. This episode was recorded on 29 January; it's important to note, that since then, the Act has been modified and further developed.