The EU AI Act - What It Means for Financial Institutions

The EU AI Act - What It Means for Financial Institutions

International Banker

European Union’s Artificial Intelligence Act has finally been approved. The EU AI Act is the culmination of thousands of discussions and represents one of the most comprehensive efforts to provide guidance in the emerging area of artificial intelligence. By introducing specific obligations for general-purpose AI models, the legislature risks the AI Act becoming too granular for any industry that deploys AI systems.

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