Martin McGinty’s Post

📣 When asked by Adrian Bridgwater in Techstrong.ai recently, CalypsoAI CTO James White said the enactment of the ⚖ EU AI Act is still rife with "many questions that have yet to be answered," such as liability issues, the Act's effect on other regulations, and its potential impact on innovation and emerging technologies. Read the full article to learn more about James' insights. #DigitalTransformation #SecurityforGenAI https://lnkd.in/eVBB5caF

As innovators, we are constantly trying to push the boundaries. Regulation and red tape only tends to come into peripheral vision (at best) when you're in the throes of trying to make new, cool things happen. But with AI becoming more and more ubiquitous in the enterprise landscape, we need to keep more than one eye on the rapidly evolving regulatory environment. So what should we Aussies be taking from the recent EU AI Act? - Increased regulation is coming here. A matter of when not if. In the early blockchain days it felt pixelated, where regulatory pressure hovered over the shoulder of innovators until the picture sharpened over time. What will AI regulation look like for Australian businesses? Will regulation strangle innovation or will we find the right balance? - By categorising AI based on risk levels, the EU are trying to encourage innovation while safeguarding against potential harms. - Not just humans-in-the-loop but humans to the fore! The EU AI Act places a strong emphasis on protecting human rights and ensuring AI is for the benefit of of society. I liked the quote from the recent Figma conference on this topic: "AI won't take your job, AI will be your job". We can't predict the future, but the EU AI Act is a good starting point for understanding how things are progressing elsewhere and what is to come here in Australia. Let’s shape a future where AI is both innovative and responsible - and where human impact is a primary consideration in our innovation workshops not an afterthought. Veloceo #AI #AIEthics #EUAIACT #Innovation #Technology #Australia #ResponsibleAI #FutureOfWork #Veloceo

📣 The EU’s new AI Act represents a bold step towards ethical and regulated AI deployment, establishing clear rules and principles with the intent of protecting citizens and upholding democratic values. The Act inevitably has ramifications for the financial services industry, not least in respect of its focus on ‘high-risk’ AI systems that require particularly stringent oversight. And while the Act has been hailed for its proactive stance on AI governance, concerns have been raised about its potential impact on technological advancements and compliance costs. 📌 In our new article we outline the Act’s key provisions and highlight specific use cases where the Act’s provisions around transparency, data governance, human oversight, and risk management will impact #finserv firms. #EUAIACT #Innovation #EthicalAI #DigitalTransformation Author: Konstantinos Liakeas (KL)

📣 The EU’s new AI Act represents a bold step towards ethical and regulated AI deployment, establishing clear rules and principles with the intent of protecting citizens and upholding democratic values. The Act inevitably has ramifications for the financial services industry, not least in respect of its focus on ‘high-risk’ AI systems that require particularly stringent oversight. And while the Act has been hailed for its proactive stance on AI governance, concerns have been raised about its potential impact on technological advancements and compliance costs. 📌 In our new article we outline the Act’s key provisions and highlight specific use cases where the Act’s provisions around transparency, data governance, human oversight, and risk management will impact #finserv firms. #EUAIACT #Innovation #EthicalAI #DigitalTransformation Author: Konstantinos Liakeas (KL)

📣 The EU’s new AI Act represents a bold step towards ethical and regulated AI deployment, establishing clear rules and principles with the intent of protecting citizens and upholding democratic values. The Act inevitably has ramifications for the financial services industry, not least in respect of its focus on ‘high-risk’ AI systems that require particularly stringent oversight. And while the Act has been hailed for its proactive stance on AI governance, concerns have been raised about its potential impact on technological advancements and compliance costs. 📌 In our new article we outline the Act’s key provisions and highlight specific use cases where the Act’s provisions around transparency, data governance, human oversight, and risk management will impact #finserv firms. #EUAIACT #Innovation #EthicalAI #DigitalTransformation Author: Konstantinos Liakeas (KL)

Haimera Workie, Vice President and Head of Financial Innovation at FINRA – Office of Financial Innovation will present a Regulator Keynote on a Regulator's perspective on AI at RegTech Summit New York on November 21st. He will cover: ✅How does the current regulatory framework support AI and is any further clarification needed? ✅How is the Regulator continuing to invest in data and technology to support digital markets and responsible AI? ✅What are the priorities and key messages for firms as they develop AI compliance strategies? Don't miss it - register here: https://lnkd.in/eGS_YVeC #RTSNYC #regtech #regulators #keynote #AI #data #technology #digitalmarkets #AIcompliance #AIethics

If policymakers want to meet the growing challenge of AI governance, they will need to create new, innovative policies based on core U.S. values—and stop looking to twentieth-century regulatory frameworks for guidance, argues Alondra Nelson.

Excellent article Alondra Nelson. Thanks for posting. This view is especially useful for #edtech policy in #AI. EDSAFE AI Alliance

Thoughtful piece on AI governance from Alondra Nelson. While I don't necessarily share the views that the most innovative AI governance approach/ideas (mainly) come from the US (Biden's exec order), I very much agree with the notions that " Policy is an opportunity to enrich society—not just as a way to react to immediate problems and brings needed focus to government interventions. [...] Government does not have to be a drag on innovation: it can enable it, strategically stewarding science and technology investments to not only prevent harm but also enhance people’s lives.[...] If countries do decide they need new AI agencies, they should be imagined as democratic institutions that prioritize accountability to citizens and incorporate public consultation."

Our thanks goes out to AI Tools Network for their partnership of RegTech Summit London on 3rd October. The 8th annual RegTech Summit London will explore the regulatory landscape for capital markets and how to leverage regtech for enhanced compliance and an improved regulatory response. Take a look at the agenda and register here: https://lnkd.in/e62Zt4is #RTSLDN #regtech #RTsummit #capitalmarkets #compliance #regulatorychange #regulatoryreporting #AI #GenAI #LLMs #consolidatedtape #T1settlement #dataquality #EMIRrefit