Bloomberg Tax noted at least 70 US public companies, including Adobe, Airbnb, Gartner, Lyft, Mastercard, Reddit, and Roblox, that identified the EU Artificial Intelligence Act in their most recent Form 10-K risk factors. Among the types of risks cited are financial penalties, compliance costs, inconsistencies among EU regulations, increases in civil claims, adverse business impacts, and impacts on AI commercialization. See “AI Watch: Global regulatory tracker - European Union” (White & Case) and “European Commission Provides Guidance on Scope of AI Systems Under the EU AI Act” (Paul Weiss).
This post first appeared in the weekly Society Alert!