{"id":119293,"date":"2023-12-07T07:30:54","date_gmt":"2023-12-07T05:30:54","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/what-does-the-eus-ai-act-mean-for-europes-smes\/"},"modified":"2023-12-07T07:30:54","modified_gmt":"2023-12-07T05:30:54","slug":"what-does-the-eus-ai-act-mean-for-europes-smes","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/what-does-the-eus-ai-act-mean-for-europes-smes\/","title":{"rendered":"What does the EU\u2019s AI Act mean for Europe\u2019s SMEs?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/119293\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Companies building or using AI tools will eventually have to comply with the EU&#8217;s AI Act, the world&#8217;s first set of mandatory boundaries for artificial intelligence. Smaller companies in particular face legal uncertainty. Martin Ragan, co-founder of Slovak startup Cequence.io, enters a prompt into a simple chatbot interface. In less than 10 seconds, the underlying artificial intelligence, or AI, sifts through thousands of contracts with tens of thousands of pages and spits out a detailed answer.<\/p>\n<p>&#8220;The bullet points refer to a part of the contract you can navigate right away to and check the answer,&#8221; Ragan told DW. &#8220;Risk mitigation is a huge part of this: &#8216;Would I pay a penalty if I did this with supplier x?&#8217; Now, you can make an educated business decision.&#8221;<\/p>\n<p>Ragan, who says the chatbot is 80-90% accurate during the implementation and gets better as it learns from more customer data, presented his AI contract management software at the Basque Open Industry exhibition in Bilbao last month. 1,000 kilometers (620 miles) to the northeast, in Brussels, the negotiations about the EU&#8217;s AI Act are in the last phase of the legislative process. Presented by the European Parliament in June, the bloc&#8217;s key piece of legislation to regulate artificial intelligence has the overarching goal of putting &#8220;guardrails&#8221; around the development and use of the technology.<\/p>\n<p>Ragan thinks the AI Act will have both positive and negative consequences. &#8220;The opinions we are hearing are mixed. We work with highly sensitive data; if the regulations give more trust to our clients \u2014 trust meaning the data is safe, and the AI won&#8217;t just take it and put it somewhere where we don&#8217;t want to have it \u2014 it&#8217;s gonna have a positive impact for us as well.&#8221; It appears unlikely that EU member states and lawmakers will reach a deal by their December 6 deadline. In mid-November, negotiations on the draft law abruptly stopped over so-called foundation models \u2014 large deep learning neural networks that power chatbots like the one of Cequence.io.<\/p>\n<p>Then, Germany, France and Italy, the EU&#8217;s three largest countries, spoke out against the tiered approach initially envisaged on foundation models. They warned that slapping tough restrictions on these newfangled models would harm the EU&#8217;s own champions, like German OpenAI competitor Aleph Alpha. Instead, they suggested self-regulating foundation models through company pledges and codes of conduct.<\/p>\n<p>Networks like Digital SME, however, have warned that this proposed self-regulation would shift the responsibility of conforming to the regulation to companies developing and using AI further down the supply chain, especially small and medium-sized enterprises (SMEs). The resulting compliance costs could overburden SMEs, result in legal uncertainty and stifle the adoption of AI, says a statement released by the European Digital SME Alliance, which claims to represent more than 45,000 enterprises in Europe. Around 99% of all businesses in the European Union are SMEs, employing around 100 million people and accounting for more than half of Europe&#8217;s GDP.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.dw.com\/en\/what-does-the-eus-ai-act-mean-for-europes-smes\/a-67636579\">Read more&gt;&gt;<\/a><br \/>\nSource: <a rel=\"noopener\" href=\"https:\/\/www.dw.com\/en\/what-does-the-eus-ai-act-mean-for-europes-smes\/a-67636579\">DW<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/what-does-the-eus-ai-act-mean-for-europes-smes\/\">What does the EU\u2019s AI Act mean for Europe\u2019s SMEs?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[3519,555,274,696,7830],"class_list":["post-119293","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai","tag-csr-news-en","tag-eu","tag-europe","tag-smes"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/119293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=119293"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/119293\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=119293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=119293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=119293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}