Today's guest is Brian McElligott, Partner and Head of AI at Mason Hayes & Curran LLP. In this discussion, Mark and Brian talk about the EU AI Act and its implications for businesses and the market.
Topics include:
How the AI Act prioritizes product safety by categorising risk regulation
How regulatory sandboxes offer potential but are resource-intensive
Why law requires AI literacy for staff, varying by use case.
Imposing obligations on both AI creators and users, especially for high-risk products
How AI law is rapidly evolving with shifting regulations
Key dates and deadlines for the EU AI Act's regulations
How some US clients view EU compliance as a market advantage
Change control is key as firms adapt standards for compliance
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