The Tech Monitor webinar examined the essential components of AI governance for enterprises, particularly within the financial services sector. It discussed the balance between harnessing AI’s potential and mitigating associated risks, such as compliance issues and data security.
The current regulatory landscape for AI is characterized by significant uncertainty and varying state-level initiatives, following the revocation of federal regulations. As enterprises navigate this complex environment, they must adapt to a patchwork of evolving laws that impact data privacy and AI governance.
The EU AI Act is set to fundamentally transform the development and deployment of artificial intelligence across Europe, establishing the first comprehensive legal framework for the industry. Companies must adapt to new standards of compliance, transparency, and trust to remain competitive in the evolving AI market.
On July 10, 2025, the European Commission released a nearly final version of the General-Purpose AI Code of Practice, which serves as a voluntary compliance mechanism leading up to the implementation of the AI Act’s GPAI provider obligations. The Code offers practical guidance for AI providers to meet obligations related to transparency, copyright compliance, and risk mitigation.