Skip to content

Industry comment: what does the EU’s AI Act mean for its development?


March 21, 2024 | Sean Griffin

The European Union (EU) passed landmark artificial intelligence (AI) legislation setting the tone for future regulations across the Western world. The law makes the EU the second major bloc after China to legislate for mitigating the impacts of AI’s rapid development.

The law, when passed, will require “high-risk” AIs (including generative AI products like Open AI’s ChatGPT and Dall.E and Google‘s Gemini) to pass tests over bias, accuracy and transparency, as well as impose a myriad of regulations for smaller and less sensitive AIs.

The Verdict tapped industry experts, including our own David Mirfield, Vice President of Product Management, for their perspectives on the implications of the legislation on the future of AI development.

Latest Resources

Successful Digital Transformation in Financial Services

Contact us for more information on how Provenir can support your digital transformation journey. Contact Us Q&A with ...

Transforming the Customer Journey: How Unified Technology Can Enhance Experience and Efficiency

Ready to upgrade your legacy technology? Contact Us Written by: Mark Collingwood, Vice President Sales, and Managing Director ...

Islamic Banking and Financial Services: Where Tradition Meets Innovation

How can a more holistic, end-to-end approach to risk decisioning help you? Learn More Embracing Advanced Risk Decisioning ...