- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-12-20T16:00:00
As the European Union’s AI Act sets its sights on 2026 to take full effect, experts are concerned other key jurisdictions—including the United States, United Kingdom, Canada, and China—might introduce divergent legislation that treats artificial intelligence use differently, thus making it difficult for companies to ensure compliance.
This is an especially daunting prospect, said Alastair Paterson, chief executive officer of AI tech firm Harmonic Security, considering the current AI regulation landscape of “nice words but zero penalties” is “set to change—and fast.”
The AI Act’s main thrust is to regulate AI based on the technology’s capacity to cause harm. It follows a “risk-based” approach—the higher the risk, the stricter the rules.
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2024-10-17T16:22:00Z By Neil Hodge
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
2024-04-01T13:22:00Z By Neil Hodge
The European Union’s AI Act follows a risk-based approach: the higher the risk the artificial intelligence poses, the stricter the rules. Understanding each category is key to compliance.
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The Consumer Financial Protection Bureau (CFPB) has quickly become one of the most active agencies advancing the Trump administration’s pullback on prosecuting corporations, as it dropped yet another consumer protection lawsuit against a financial services company Wednesday.
2025-04-21T12:00:00Z By Neil Hodge
The United Kingdom’s latest effort to encourage regulators to pare down rules to attract companies and investment as a way to stimulate the economy has received mixed reviews from lawyers.
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