AI’ll be back! – Consequences of AI regulation for start-ups
The “hot” topic will be the proposed regulatory framework for the development, marketing, and use of artificial intelligence (AI). The purpose of the framework is to legally define artificial intelligence and impose documentation, auditing, and process requirements for AI providers. If passed, the framework will be binding on all 27 EU Member States and apply to anyone who creates and disseminates AI systems in the European Union, including foreign companies such as Microsoft, Google, and OpenAI.