Balancing AI regulation and innovation: Insights from both sides of the Atlantic | Petja Piilola, Blic Public Affairs and Benjamin Wallace, Tietoevry Create 

The EU and US take vastly different approaches to AI governance – how should companies navigate the situation in the global market?

As Artificial Intelligence evolves at an unprecedented pace, the question of how to regulate it remains inconclusive. Recently, the EU has introduced the AI Act and shown signs of a more innovation-oriented mindset. However, there is still a notable contrast to how the US is reducing regulatory barriers to foster rapid AI innovation and maintain its lead.

This creates uncertainty in companies on both sides of the ocean. The pressure to maintain a competitive edge is high – but so is the risk of navigating complex legal frameworks when developing AI solutions.

So where is the right balance?

In this episode of Data Insiders, our host Oona Ylänkö discusses the topic with two experts who navigate these complexities daily:

A partner at public affairs consultancy Blic Public Affairs, Petja Piilola works at the forefront of EU AI legislation in Brussels.

Benjamin Wallace – Manager, Architecture and Security Americas at Tietoevry Create – specializes in security practices for highly regulated industries, helping companies manage AI-related compliance risks.

Together, they tackle such themes as the charged geopolitics of AI dominance, the challenges of regulating a rapidly evolving technology, and what businesses can do to navigate the landscape that changes faster than any laws can keep up with.

Will strict compliance frameworks ultimately create safer AI? Should organisations take legal risks to stay ahead of the innovation curve and be able to launch AI products globally?

There are no easy answers – but these insights from people who monitor the situation up close is a good place to start. Tune in!