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Category: AI Regulation

AI Oversight in Employment: Preparing for 2025 Regulations

The article discusses the increasing regulation of artificial intelligence (AI) in employment decision-making as we approach 2025, highlighting various state legislations that have emerged in 2024. It emphasizes the need for employers to stay informed and compliant with the evolving AI regulatory landscape to mitigate risks associated with algorithmic discrimination and ensure responsible use of AI in human resources.

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January 15, 2025

Generative AI: Balancing Risks and Rewards in Finance

The document discusses the risks and benefits of generative AI in the financial sector, highlighting the lack of specific legislation in Switzerland while outlining existing regulatory frameworks. It emphasizes the importance of governance, robustness, transparency, and non-discrimination in the deployment of AI technologies within financial institutions.

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January 15, 2025

Navigating the Transformative Impact of the EU AI Act on Businesses

The EU AI Act, which entered into force on August 1, aims to establish new regulations for artificial intelligence, categorizing applications based on their potential risks. With a focus on creating a global hub for trustworthy AI, the Act includes provisions that prohibit certain high-risk AI practices and outlines compliance requirements for businesses operating within the EU.

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January 13, 2025

Navigating Compliance: The EU AI Act’s Implications for Financial Services

The EU AI Act represents a significant regulatory framework that impacts financial services institutions, requiring them to assess and ensure compliance of their AI systems based on risk categories. With stringent requirements for transparency, accountability, and oversight, financial institutions must prepare to adapt their existing AI applications to meet the new standards or face substantial penalties for non-compliance.

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January 13, 2025