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Insights from the FAIR's Project Manager at New Nordics AI Week
Companies that proactively comply with the Act and document their AI use from the outset will not only align with EU standards but will also unlock new business opportunities and funding, even beyond Europe, says Sulkunen.
FAIR participated in the New Nordics AI Week events held in Tallinn and Turku this September, with Solja Sulkunen, FAIR’s project manager, co-hosting discussions on digitalization and the health industry.
One of the key focus areas in Tallinn was the AI Act, the EU’s regulatory framework designed to monitor and govern the use of Artificial Intelligence across sectors. The discussion brought together representatives from the Estonian Ministry, researchers, startups, and large corporations to explore the implications of the Act.
Summarizing the discussions, Sulkunen emphasized the strategic importance of the AI Act for businesses. According to Sulkunen, the AI Act aims to ensure that AI is used responsibly and can be regulated on an international scale.
– Companies that proactively comply with the Act and document their AI use from the outset will not only align with EU standards but will also unlock new business opportunities and funding, even beyond Europe, she adds..
AI Act is shaking things up
The EU’s groundbreaking AI Act is here, and it’s shaking things up. Starting August 2024, this game-changing regulation ensures AI systems are safe, transparent, and ethically aligned with fundamental rights. For SMEs operating in the EU, it’s crucial to understand how to navigate this new landscape and stay ahead of the curve.
If you want to learn more about the EU regulation and the AI Act, please read our article “What SMEs need to know about the AI Act: Key Responsibilities and Obligations” by our expert Juuli Venkula.
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