April 2023 Newsletter

Dear All,

Welcome to the April 2023 edition of the AI & Partners Newsletter.?Another productive month for us. We hope you find this content useful.?

As always, if you have any comments or recommendations for content in future editions or would like to contribute content, please let us know: [email protected].

What is the latest with the EU AI Act?

EU AI Act – Coming into force in 2024. ?The European Commission voted on the new regulatory framework on Wednesday 26th April 2023, with the aim of ensuring the proper functioning of the single market by creating conditions for the development and use of trustworthy AI in the Union.?

If you have any interaction with AI systems, such as use, marketing, or development, including those categorised as high-risk, you may be within scope.?Contact us to receive more information on this matter.

What do we do?

AI & Partners provides comprehensive solutions in the area of regulatory impact assessment, providing regulatory expertise as well as analytical, econometric and macroeconomic modelling skills.?Our regulatory impact assessment may include, among others, the following elements:

Identification

Basing on own experience and deep understanding of the theory of regulation, AI & Partners identifies main areas of impact on businesses.

Estimation

Having understood the nature of the EU AI Act, AI & Partners assesses qualitatively or quantitatively the impact of that change.?We use analytical techniques to perform analyses under different policies.

Development

AI & Partners examines the EU AI Act and identifies viable solutions for businesses.

Communication

AI & Partners may initiate a dialogue between the Client and regulators, during which the results of the analysis and our approach are communicated.?Such cooperation supports all stakeholders in better understanding of the consequences of the EU AI Act.

What AI & Partners can do for you

AI & Partners can estimate the impacts of the EU AI Act in various areas, such as: human resources, sales, ICT management, marketing, logistics, customer services, procurement, maintenance, accounting, quality control, production, planning, research & development, and compliance etc.

What are the outcomes?

In consideration of all of the characteristics of the EU AI Act and the Client’s needs, AI & Partners can conduct a qualitative or quantitative assessment of the regulation’s impact on:

·??????Use - e.g. what will be the impact on business-as-usual activities?

·??????Marketing - e.g. what is the suggested method of conducting promotional advertisements?

·??????Software development - e.g. what is the impact on the development of new pieces of software?

·??????Distribution - e.g. what conditions apply for distribution of products?

·??????Other business variables -?e.g. licensing, audit.

In our approach to regulatory impact assessment we emphasize the transparency principle: in our analyses we present not only results of the analysis, but also our approach (method of measurement, key assumptions, etc.).?

We are also ready to engage in an open and in-depth discussion with stakeholders, including the regulator, about various aspects of our analyses.

Our Best Content Picks for 2023

Webinar: Unicsoft – European Union: Artificial Intelligence Act

Run by our high calibre regulatory specialist, we discussed some of the biggest questions raised by the EU AI Act with Unicsoft , a leading software developer of artificial intelligence solutions for multiple clients.?

Key background information:

·??????2005, Year of Foundation

·??????180+, Team of Developers

·??????200+, Delivered Projects

·??????93%, Customer Retention Rate

Click here for a webinar replay.

Feature: EU AI Act- Demystified

Artificial intelligence (AI) is an emerging general-purpose technology: a highly powerful family of computer programming techniques. The uptake of AI systems has a strong potential to bring societal benefits, economic growth and enhance EU innovation and global competitiveness.

The main objective of the EU Artificial Intelligence Act (“EU AI Act”) is to ensure that AI systems within the EU are safe and comply with existing laws on fundamental rights, norms and values.? ?

Click here to read the article.

Article: The Economist - Can #AI be an inventor?

Judicial processes involve slow, deliberative thinking. #AI involves mind-blowing computational speed. Earlier this month, in a hearing at the Supreme Court in London, these two worlds came together to raise big questions for #intellectualproperty in the age of machines.

A question of huge significance for entrepreneurs, today and in the future. Find out more here.

Partner: Fintricity - Can #AI be an inventor?

Digital Transformation: at the core of the business model @Fintricity executes state-of-the-art digital transformation projects to change the way business is done.

Fintricity has partnered up with AI & Partners to leverage #AI in support of executing client delivery projects.?Their focus on business problems using a fresh perspective includes the unique capabilities provided by this cutting-edge technology.?This partnership amplifies the inherent capabilities of both firms to add value for their clients.

Learn more → https://www.fintricity.com/ ?

#AI #data #blockchain #technology #sustainability ?

Conference: Brown Rudnick Global Blockchain Conference

In the back-end of last month, we were present at the gathering of leading market personnel in the heart of London in a one-day session concerning salient aspects of central bank digital currencies (CBDCs).?This marked our second conference as a key contributor to the Web 3 community.?We discussed the use of AI at length in the context of deterring financial crime.

The fully day event took place in London on Thursday 20 April between 9 :15 am and 5:30 pm, and was a hive of entrepreneurialism, featuring fascinating discussion and debate among a prestigious speaker line-up.?We were grateful for Brown Rudnick for inviting us.?

Michael Borrelli, Director, AI & Partners

Email address: [email protected]

Website: https://www.ai-and-partners.com/

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