Many businesses are using artificial intelligence (AI) in some form in order to create business efficiencies. Some businesses use generative AI for copywriting, software writing, or employ Chatbots. These programmes work by being ‘trained’ by the inputting of large amounts of data. Other AI in use includes tools to summarise data or to perform analysis. Some businesses use off-the shelf AI tools and others augment the tools with their own specific datasets.
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The EU Artificial Intelligence Act came into force this week without much fuss. It creates obligations on all organisations that use or create artificial intelligence such as predictive analytics, virtual assistants, chatbots, HR tools, fraud detection tools, medical diagnostic tools, financial credit scoring, online retail recommendation engines, and targeted advertising.
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