Sidley and OneTrust DataGuidance hosted a reactionary webinar on the EU AI Act, where industry experts covered initial reactions to the new political agreement on the EU AI Act following key negotiations by the European legislative bodies on December 6, 2023.

The EU AI Act will be the first standalone piece of legislation worldwide regulating the use of AI and will form a key consideration in AI governance programs. The AI Act will have a significant impact on many organizations, with failure to comply potentially leading to fines of up to 7% of annual worldwide turnover.

Key takeaways and panelist reactions will cover the following topics:

• The EU AI Act – has it struck the right balance and what are the key practical points to understand?
• How the EU AI Act relates to other frameworks and regulatory approaches such as the U.S. Executive Order on AI and other EU new Digital Data Laws
• How to develop AI governance around the EU AI Act

Expert speakers featured on the panel:

• Kai Zenner, Head of Office and Digital Policy Adviser for MEP Axel Voss, European Parliament
• Caroline Louveaux, CPO, MasterCard
• Monika Tomczak-Gorlikowska, CPO, Prosus
• Nils Hullen, Director of Global AI and Privacy Policy, IBM
• Johan Wisenborn, Head Policies & Governance Data Privacy, Digital & AI Compliance (DPDAI), Novartis

• William RM Long, Partner, Sidley Austin LLP

• Lauren Cuyvers, Senior Managing Associate, Sidley Austin LLP

Related resources:

• Session presentation:  preparing_for_the_eu_ai_act.pdf
• OneTrust AI Governance Masterclass