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AIlegislation:
Aregulatoryhurdleor
anopportunityfor
strategicgrowth?
WorldAISummitAmsterdam
YiannisKanellopoulos,
FounderCEO
October2024
Whatwedo
Wehelplargeorganizations
tobuildAItechnologythatis
trustedandthoughtful*
*thoughtful(adjective)
_absorbedinorinvolvingthought
_showingconsiderationfortheneedsofotherpeople
Thetwoperspectives
onAIRegulation
GovernanceSystem/Product/
ChallengesServiceImprovement
Feeburning,non-earningactivitiesEnhancingqualityandbusinessvalue
AIGovernanceas
aRegulatoryHurdle
AfterGDPR,DORA,PCI-DSS,InternalAudits,
nowwehavetheEUAIAct.
Inthemeantime,wehavetokeepserving
ourbusiness.*
*CIOoflargeEuropeanfinancial
institution
AIGovernanceas
aFee-BurningHurdle
60
ComplianceCosts(Additional)
50OperationalCosts
40
30
20
10
0
GDPRDORAPCI-DSSEUAIAct
Thehiddencosts
ofnon-compliance
FinesperRegulation
35,000,000.00€
30,000,000.00€
25,000,000.00€
20,000,000.00€
15,000,000.00€
10,000,000.00€
5,000,000.00€
0.00€
GDPRDORAEUAIAct
Anotherperspective
WhattheEUAIActactually
suggestsisforourengineerstodo
theirjobproperly.*
*CIOofalargeEuropeaninsurer
Pivottotheopportunity
Asthegravityofdecisionsmadeby
AIsystemsincreases,sodoesourneedtoensure
theyoperatefairlyandtransparently.
Nowhereisthisneededmorethaninthemedical
devicespace,wherethejudgments
ofAIpoweredtoolscanliterallybeamatter
oflifeanddeath.*
*CIOofaEuropeanhealthcare
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