Scott Kosnoff discussed the European Union's (EU) proposed regulations of artificial intelligence with Business Insurance.
As part of the EU's data strategy, the regulations outline a risk-based approach to clear rules for high-risk AI systems.
The regulations will impact U.S.-based companies that do business in the EU. But for those that don't, the impacts are much less direct.
“The plan is to introduce legislation (in the EU) later this year which would be more detailed. This is a first step down the road.” Scott Kosnoff, Business Insurance