Category: Business Impact

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.

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.

January 13, 2025