Holistic AI’s Post

Aaaaaaand the first countdown starts! ⏳ The EU AI Act 🤖 📜 has been finally published, which means in 20 days, i.e., as of 01.08.2024 it will come into force. After that, other countdowns start: ⌛ most provisions will be applicable after a transitional phase of 24 months (so August 2026) ⌛provisions on general purpose AI models will be applicable already after 12 months (so August 2025) ⌛ provisions on prohibited AI use cases will be applicable even earlier after 6 months (so February 2025) So if your organisation haven't started yet tackling the topic of AI governance and compliance, now is the right time to do so 🙂 #euaiact #airegulation #aigovernance #trustworthyai

On December 18, 2023, the International Organization for Standardization (#ISO) adopted ISO 42001-2023, which sets a voluntary #standard for organizations to implement an #artificial #intelligence (#AI) management system. ISO 42001 may become an enforceable standard for AI #governance. Organizations deploying high-risk systems must demonstrate compliance with the EU AI Act. EU policymakers have indicated that compliance with ISO 42001 may be incorporated into the conformity assessment requirements. #NIST could align some of its future AI-standards setting work with ISO 42001. Given that US regulators are likely to rely on NIST’s AI standards for establishing AI regulatory regimes, this has the potential to translate aspects of ISO 42001 into enforceable obligations in the US. More details, here: https://lnkd.in/dVpU_4Sh

The #AIAct is out! 🚀 This legislation sets comprehensive guidelines for the development, deployment, and use of AI across the EU. It aims to ensure that AI technologies are safe, used carefully, and respect fundamental rights while fostering innovation and competitiveness. Its now imperative that organizations understand their AI exposure landscape and act accordingly in line with the Act's requirements. Key highlights: - Enforcement mechanisms and penalties for non-compliance. - Risk-based classification of AI systems. - Strict requirements for high-risk AI applications. - Measures to promote transparency and accountability. Link:

It appears the first official webinar by the European #AIOffice is back on the agenda. The official website still needs to be updated so I suggest using the below link to register. #Riskmanagement is a fascinating topic for the first webinar and I look forward to joining the session. #AIAct #AIGovernance #EUAIAct #AIRiskManagement #ISO42001

📣 As of today, August 1, 2024, the EU Artificial Intelligence Act is now in effect, introducing additional compliance challenges for financial services organizations. To ensure adherence and effectively address future mandates, firms must adopt data-driven approaches, enhance automation, and establish specialized AI governance roles. 👉Visit https://okt.to/87a1LS to explore how to successfully navigate the governance priorities outlined in the new Act. Access our paper for vital insights. #AIRegulation #ArtificialIntelligence #Governance

📣 As of today, August 1, 2024, the EU Artificial Intelligence Act is now in effect, introducing additional compliance challenges for financial services organizations. To ensure adherence and effectively address future mandates, firms must adopt data-driven approaches, enhance automation, and establish specialized AI governance roles. 👉Visit https://okt.to/vjTQJ6 to explore how to successfully navigate the governance priorities outlined in the new Act. Access our paper for vital insights. #AIRegulation #ArtificialIntelligence #Governance

Update: This event has now been cancelled and looks like it will be rescheduled over the coming week(s). The AI Office is hosting its first webinar on the AI Act on 16 May 2024. The topic looks interesting (Risk Management Approach in the AI Act: Must know fundamentals for regulatory compliance). Sharing for info as I would have missed it without Dr. Tatjana Evas helpful post. Link to the event page: https://lnkd.in/gc5uJUY3 Link to AI Office website for those that that have been struggling to find it (like I have!): https://lnkd.in/gqveBcBz #AIAct #AIA #AIGovernance

📣 As of today, August 1, 2024, the EU Artificial Intelligence Act is now in effect, introducing additional compliance challenges for financial services organizations. To ensure adherence and effectively address future mandates, firms must adopt data-driven approaches, enhance automation, and establish specialized AI governance roles. 👉Visit https://okt.to/yBhrJ4 to explore how to successfully navigate the governance priorities outlined in the new Act. Access our paper for vital insights. #AIRegulation #ArtificialIntelligence #Governance

Should be interesting to hear some first hand details about the risk management aspect of the AI Act. The webinar has been postponed though. The new date is not announced on the website just yet, so make sure you check back on the website in the next days.

📣 As of today, August 1, 2024, the EU Artificial Intelligence Act is now in effect, introducing additional compliance challenges for financial services organizations. To ensure adherence and effectively address future mandates, firms must adopt data-driven approaches, enhance automation, and establish specialized AI governance roles. 👉Visit https://okt.to/IlKh1Z to explore how to successfully navigate the governance priorities outlined in the new Act. Access our paper for vital insights. #AIRegulation #ArtificialIntelligence #Governance