In this episode of the Tech for Business podcast, Todd, the COO and CISO, along with Ann, a Quality Assurance Analyst, discuss the complexities and compliance challenges businesses face with AI. They elaborate on the evolution of AI, regulatory frameworks, privacy concerns, and the ethical implications of using AI. They also provide insights on how companies can prepare for emerging regulations and share practical steps for implementing AI responsibly. As AI adoption accelerates, understanding these factors becomes crucial for staying compliant and maintaining ethical standards in business operations.

Resources:

https://www.scrut.io/post/eu-artificial-intelligence-ai-act

https://www.scrut.io/post/ai-compliance

00:00 Introduction to Compliance Challenges in AI

00:57 The Evolution and Waves of AI

02:35 Privacy and Security Concerns

05:34 Historical Context and Ethical Considerations

09:48 AI in Banking and Healthcare

21:01 Implementing AI in Compliance

23:12 Preparing for Future Regulations

29:52 Final Thoughts and Future Discussions