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EU vs AI: What You Need to Know About the EU's AI Act - The Legal Opinion with Flick Fisher, Partner at Fieldfisher

Jan 30, 2024

Flick Fisher, leading privacy specialist and partner at Fieldfisher, discusses the EU's AI Act and its risk-based approach to regulating AI systems. They explore high-risk systems, prohibited AI, and the implications for business operations. They also discuss concerns about stifling innovation and speculate on the global impact of this regulation.

33:23

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Flick Fisher

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Quick takeaways

The EU AI Act introduces different categories of AI systems based on risk levels, with some systems completely banned and others subject to additional requirements for transparency and ethics.

The EU AI Act sets specific obligations for providers of high-risk AI systems, including risk assessments, data governance, and technical documentation, while also aiming to strike a balance between regulation and innovation.

Deep dives

EU AI Act: First Legislative Law to Regulate AI Globally

The EU has released the first legislative law to regulate AI globally called the EU AI Act. The law aims to regulate AI systems based on the risks they present. It applies to all AI systems and introduces different categories based on risk levels. Certain AI systems are completely banned under the act, while others are categorized as higher risk or minimal risk. Providers of high-risk AI systems are subject to additional requirements, such as transparency and ethical considerations. The act also emphasizes the importance of good AI governance and environmental impacts. The EU AI Act is expected to set a global standard for AI regulation.

Introduction

2min

Understanding the Impact of the EU AI Act

14min

AI Users: Providers and Deployers, Open Source Exemption

2min

Challenges and Classification of General Purpose AI Models

3min

Concerns and Consequences of the EU's AI Act

12min

Exploring EU's AI Act and Privacy Regulations

2min

Could the EU's new AI Act be the cornerstone of global AI regulation? That's what we're here to unpack with the expert insight of Flick Fisher, a leading privacy specialist and partner at Fieldfisher. As the digital age accelerates, the European Union is setting a precedent with the AI Act, a groundbreaking legislation designed to navigate the complex terrain of artificial intelligence. Flick and I dissect the Act's risk-based approach, dissecting the prohibited and high-risk AI systems categories, while giving a nod to the lighter touch on low-risk innovations. Our conversation delves into how this monumental regulation could shape data privacy and ethical AI practices on the world stage.

Join us as we explore not only the definitions and distinctions within the AI Act but also its everyday implications for business operations, from HR decisions to the product safety landscape. With generative AI technologies like ChatGPT on the rise, understanding the nuances of this legislative framework has never been more crucial. We'll navigate the potential new compliance roles the Act may create and predict whether this regulatory move could become the global gold standard. Tune in for a comprehensive analysis that will equip COOs and business leaders with the foresight needed to thrive in an AI-governed future.

(00:06) EU AI Act and Its Impact

(11:50) Regulations and Definitions of AI

(27:38) The Implications of the AI Act

Links

Episode link: https://www.betweentwocoos.com/the-eu-vs-ai-the-legal-opinion-with-flick-fisher-partner-at-fieldfisher/

Flick's previous episode on GDPR: https://www.betweentwocoos.com/data-privacy-gdpr-flick-fisher/

Flick on LinkedIn: https://www.linkedin.com/in/felicityfisher/

Fieldfisher: https://www.fieldfisher.com/

Between Two COO's: https://www.betweentwocoos.com/

Michael Koenig on LinkedIn: https://linkedin.com/in/michael-koenig514/