Season 7, Episode 7: AI Act: Navigating AI's High and Mid-Level Risks (with Kassi Burns and Olga Mack)

Step into the intricate world of AI risk management with Kassi Burns and Olga Mack as they unpack the complexities of the EU AI Act. In this episode, we delve deep into the criteria that categorize AI systems into high and mid-level risks and the significant implications these categorizations have on AI development and deployment.

Join us as we explore:

• AI Risk Assessment: Understand how AI systems are classified into high and mid-level risks.
• Real-World Impact: Discover real-world examples and case studies illustrating how AI applications across various industries fit into these risk categories.
• Balancing Innovation and Ethics: Learn about the delicate balance between fostering innovation and ensuring ethical AI use within the framework of these risk categorizations.
• Global Implications: Examine how the EU’s stance on AI risk levels might shape future AI policies and industry standards globally.
• Strategic Navigation: Uncover strategies for navigating the complexities of AI ethics and compliance.

Meet the Experts: Kassi Burns and Olga Mack

Kassi Burns, with her extensive operational focus, and Olga Mack, renowned for her expertise in innovation and compliance, come together to shed light on the EU AI Act. They share their perspectives on the impact of this regulation on both large enterprises with comprehensive compliance departments and smaller, innovative companies that often face unique challenges in risk management.

Conversation Highlights

Kassi and Olga discuss the intricacies of the EU AI Act, emphasizing the importance of transparency and consumer awareness in AI applications. They address the challenges faced by smaller, innovative companies in navigating mid-level risk categories and the potential pushback from various stakeholders. The conversation also touches on the regulatory landscape, with insights into the FTC’s role in the U.S. and how it might influence global AI policies.

Kassi shares her operational perspective, highlighting the importance of understanding how AI systems are used within organizations, while Olga provides insights into the consumer-facing aspects of AI and the significance of transparency in maintaining trust and compliance. They discuss the potential for innovation in compliance tools and the evolving nature of AI regulation.

Learning Outcomes

By the end of this episode, you will:

• Gain a thorough understanding of the EU AI Act’s high and mid-level risk categorizations and their implications.
• Learn practical examples of AI applications within these risk categories and their impact on society and business.
• Explore strategies for balancing innovation and ethical AI use, ensuring compliance with evolving regulations.
• Understand the potential global impact of the EU AI Act and how it might influence AI policy and industry standards worldwide.
• Discover the challenges and opportunities for smaller, innovative companies in navigating AI risks.

Kassi and Olga emphasize the importance of staying informed and proactive in addressing AI risks, encouraging listeners to engage with the AI community and share their insights and experiences.

Join us for this insightful episode and equip yourself with the knowledge to navigate the complexities of AI risks and regulations!