On August 1, 2024, the European Artificial Intelligence Act (AI Act) came into force, marking the world’s first comprehensive regulation on artificial intelligence. Its goal is to limit AI processes that pose unacceptable risks, set clear requirements for high-risk systems, and impose specific obligations on implementers and providers. To whom does the AI Act […]
Penalties for infringement Member States will have to lay down effective, proportionate and dissuasive penalties for infringements of the rules for AI systems. The Regulation sets out thresholds that need to be taken into account: Up to €35m or 7% of the total worldwide annual turnover of the preceding financial year (whichever is higher) […]
Our CEO, Dr. Galya Mancheva was a speaker at a seminar organized by the Bulgarian Association of Information Technology (BAIT), which took place on November 20, 2024, at Interpred. The topic of the seminar was the EU AI Act – the EU’s regulatory framework on artificial intelligence (Regulation (EU) 2024/1689). The event was attended by […]
Our CEO, Dr. Galya Mancheva participated in“Women’s Entrepreneur Day” 2024, which took place on November 19, 2024, at Inter Expo Center, Vitosha Hall. The event was organized by Selena Association of Women Entrepreneurs in Bulgaria and gathered inspiring women leaders and entrepreneurs from various industries, who are moving Bulgarian business forward. At the event, […]
Europe regulates AI in order to boosts investment in innovation and deep technologies: European Innovation Council to invest €1.4 billion in deep technologies in 2025 Next year, the European Innovation Council (EIC) will boost deep technologies and high-potential start-ups from the EU with €1.4 billion. This is set out in the EIC Work Programme for […]
Our CEO Dr. Galya Mancheva has provided today an UpDate on EuAiAct on Bloomberg TV. Some of the insights are the following: The ban of AI systems posing unacceptable risks will apply six months after the entry into force. Codes of practice will apply nine months after entry into force. Rules on general-purpose AI systems […]
Our CEO, Dr. Galya Mancheva, who is an economist and holds a PhD in Political Science, will be part of the upcoming event “Women’s Entrepreneur Day” 2024, which will take place on November 19, 2024, at Inter Expo Center, Vitosha Hall. At the event, she will participate in the panel “Health, Sports, Balance, and Longevity,” […]
Dr. Galya Mancheva, founder and executive director of the company Ai advy, was one of the speakers at the business forum EU AI act: regulations and transformations in the industry, organized by b2b Media. The event took place on November 1st at the Intercontinental Hotel. The one-day forum has brought together business leaders and entrepreneurs […]
Dr. Galya Mancheva, founder and executive director of the company Ai advy, will be one of the speakers at the upcoming business forum EU AI act: regulations and transformations in the industry, organized by b2b Media. The event will take place on November 1st at the Intercontinental Hotel. The one-day forum brings together business leaders […]
As part of its digital strategy, the EU wants to regulate artificial intelligence (AI) to ensure better conditions for the development and use of this innovative technology. AI can create many benefits, such as better healthcare; safer and cleaner transport; more efficient manufacturing; and cheaper and more sustainable energy. In April 2021, the European Commission […]
