March 2023 - Newsletter

Dear All,

Welcome to the March 2023 edition of the AI & Partners Newsletter.? We hope that 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 at: [email protected].

What is the EU AI Act?

EU AI Act – Coming into force in Q1 2024. The new regulatory framework on #AI aims to address certain problems in order to ensure 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, including those categorised as high-risk, you may be within scope.? Contact us here to receive more information on this matter.

What benefits do you get by engaging with us?

Cost Reduction. We help to reduce your future costs when the EU #AI Act comes into effect given that the requirements will have already been identified and addressed.

Brand Exposure. We can collaborate together as key advocates of the EU #AI Act in terms of marketing.? This is especially important with increasing pressure on upholding #ESG practices.

Added Security. We identify any potential deficiencies in the your #AI systems or those of a third-party that you interact with.?

Clear Visibility. We can provide transparency over which #AI systems a company has, make them compliant with the EU #AI Act and implement #AI systems ourselves (with the ability to compare them with the costs that are currently being incurred). We do this in collaboration with one of our partners and have just over 300 #AI engineers at our disposal.

Product Build. With our extensive financial experience we can build custom, cost-effective AI products compliant with the EU #AI Act.?Accordingly, this can provide significant cost savings in the future.

Enhanced Credibility. We can help further enhance your reputation in external stakeholders’ eyes.

Pre-Audit Preparation – March 2023

Our state-of-the-art EU #AI Act pre-audit work, and coverage, continues to grow rapidly.

The year begins as a European-focused professional services firm and has generated significant traction to date. ?We are now a large team, multi-disciplinary, practitioner-led pre-professional services business with 50+ years of collective professional services experience.

AI & Partners ' clients are global and diverse including: companies, investors and hubs. ?Our services extend across #FinTech, #supplychain, #energy, #agriculture, #realestate, #transportation, #LegalTech, #industrialengineering, #GovTech, #InsurTech, #security, #HR, #developers, #entertainment, #education, #dataanalytics, #healthcare, #consultingandoutsourcing, #marketingandadvertising and #others.

Please contact us here to discuss ordering a pre-audit.

Our Best Content Picks for 2023

Webinar: Jada Ai – European Union: Artificial Intelligence Act

Participant: Diego Torres

Spearheaded by our leading regulatory specialist, we discussed some of the biggest questions raised by the EU #AI Act with Jada Ai , a developer of a sentient artificial general intelligence, including:

• How does it affect me?
• What can I do?
• What are the implications of non-compliance?
• What is the purpose of it?
• How is the industry responding?

Click here for a webinar replay.

Feature: OneTrust DataGuidance - Under the hood of the EU AI Act

Co-author: Charles Kerrigan

Under the forthcoming landmark legislation, an #AI system is a machine-based system that can, for a given set of human-defined objectives, generate output such as content, predictions, recommendations, or decisions influencing real or virtual environments. ?#AI systems are designed to operate with varying levels of autonomy.

The EU #AI Act, a European legal framework for #AI to address fundamental rights and safety risks specific to the #AI systems, is uniquely positioned to address emerging areas of risks and considerations not currently covered.?The road ahead contains many bumps.

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.

Conference: City AM – Spring Awakening 2023

Late last month we participated in a panel on the benefits of #tokenisation of real-world assets and was our first conference alongside esteemed members of the #Web3 community.? We touched on the utility of a music tokenisation platform and the role of #AI in underpinning its operation.

The fully day event took place in London on Thursday 30 March between 9 am and 5pm, and did not fail to live up to expectation, featuring fascinating discussion and debate among a prestigious speaker line-up that included representatives from City AM , Jade Vault , TPX? Property Exchanges and Archax ... among others!

That’s it for now, but as always, if you are part of an organisation already working in the space of #AI and would like to get involved with our activities, we'd love to hear from you! ? Simply head over to our Contact page and schedule a quick call.

Market Insights: Economic Growth

高盛 . The recent rise of generative #AI poses a question as to whether we are on the verge of a rapid acceleration in task automation that will drive labour cost savings and increase productivity. ?Irrespective of significant uncertainty around the potential of generative #AI, its ability to create content that is comparable to human-created output and to break down communication barriers between humans and machines suggests a major advancement with potentially large macroeconomic effect. Check out more here.

Sean Musch, Director, AI & Partners

Email address: [email protected]

Michael Borrelli, Director, AI & Partners

Email address: [email protected]

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

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