As we continue to innovate at the intersection of artificial intelligence (AI) and cybersecurity, the new European Union (EU) AI Act presents a transformative opportunity. Entering into force today, 1 August 2024, this landmark legislation aims to regulate AI technologies, ensuring safety, transparency and accountability across the EU.
Our commitment to compliance and responsible innovation
At Nexova, we are dedicated to staying ahead of regulatory changes and leveraging these to enhance our services. The AI Act's focus on high-risk AI systems aligns perfectly with our mission to deliver robust, secure and ethical AI solutions.
Key goals and impact of the EU AI Act:
- Safety and transparency: Ensuring AI systems are designed and deployed responsibly, with clear guidelines on risk management and user transparency.
- High-risk AI systems: Special focus on AI used in critical areas like recruitment, biometric identification (e.g. not for mass surveillance) and essential services. Nexova’s team is already implementing comprehensive risk management frameworks to comply with these standards, including addressing potential biases and fairness in our AI.
- Innovation in cybersecurity: With our strong foundation in cybersecurity, Nexova is prepared to meet the AI Act's rigorous requirements, ensuring our AI solutions are not only innovative, but also secure and reliable.
Nexova’s action plan:
- Proactive governance: Establishing robust AI governance frameworks to manage risks, ensure compliance and mitigate potential biases in our AI development.
- Ongoing assessments: Conducting thorough AI inventory and risk assessments to stay ahead of regulatory demands.
- Team training: Empowering our team with the knowledge and tools to navigate the new regulatory landscape effectively, including implementing strong transparency measures like explainable AI outputs and user control mechanisms.
The AI Act not only sets a high benchmark for global AI regulation, but also represents a significant step towards a safer and more transparent AI ecosystem. We are excited to lead this change and continue providing cutting-edge, secure AI solutions that comply with the European Union AI Act's principles.