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Dr. Galia Mancheva will speak at EEGS Webinar on AI’s Impact in Gaming
February, 19th – Dr. Galia Mancheva, a leading expert in AI regulation and compliance, will be a featured speaker at the upcoming EEGS Webinar: “Rolling the Dice on AI: How Artificial Intelligence is Reshaping the Gaming Industry”, taking place on February 19, 2025, at 1:00 PM (EET).
As AI continues to revolutionize iGaming, its role in player experiences, responsible gambling, and regulatory compliance is more critical than ever. Dr. Mancheva will provide expert insights into the EU AI Act’s implications for the gaming sector, highlighting key regulatory challenges and ethical considerations.
“I’m excited to join this discussion and shed light on how AI can drive innovation while maintaining ethical and responsible gaming standards,” said Dr. Mancheva. “As regulations evolve, businesses must align with compliance requirements while harnessing AI’s potential to enhance user experiences.”
The EEGS Webinar will bring together industry professionals, policymakers, and AI experts to explore the opportunities and risks AI presents in gaming. Key topics include the intersection of technology and responsible gambling, the future of AI-driven regulation, and how operators can stay ahead in an increasingly automated landscape.
Registration for the event is now open. For more details and to secure a spot, visit : https://us06web.zoom.us/webinar/register/WN_igaHu5GHQ2SNHkD4s9J92g
About Dr. Galia Mancheva
Dr. Galia Mancheva is a recognized authority in AI governance and compliance, specializing in the EU AI Act and its impact on businesses. She is actively involved in shaping responsible AI policies, helping companies navigate regulatory challenges in emerging industries.
The EU AI Act: A New Era of Business Opportunities
The EU AI Act: A New Era of Business Opportunities
The EU AI Act is not just about compliance—it’s a catalyst for business growth, innovation, and competitiveness. As the world’s first comprehensive AI regulation, it creates a clear legal framework that fosters trust, attracts investment, and stimulates market expansion. Here’s how businesses can leverage the Act to thrive in the AI-driven economy.
1. Strengthening Consumer and Investor Trust
One of the biggest barriers to AI adoption is public skepticism around transparency, bias, and data security. The EU AI Act mandates strict risk assessment, documentation, and human oversight, ensuring ethical AI deployment. Businesses that comply will gain a competitive edge by demonstrating responsible AI use, attracting customers and investors who prioritize trustworthy and ethical AI solutions.
2. Unlocking Access to New Markets
The EU AI Act harmonizes regulations across all 27 member states, reducing fragmentation and creating a unified market for AI-driven businesses. Instead of navigating different national laws, companies can scale AI solutions across Europe more easily. This clarity lowers legal risks and encourages cross-border expansion, particularly for startups and SMEs.
3. Accelerating AI Innovation through Regulatory Sandboxes
To balance regulation and innovation, the EU AI Act introduces regulatory sandboxes—controlled environments where businesses can test AI applications under real-world conditions with regulatory guidance. This is a golden opportunity for startups and enterprises to experiment with cutting-edge AI technologies without facing immediate regulatory hurdles.
4. Boosting AI Investment and Funding Opportunities
With a stable regulatory environment, investors are more willing to back AI ventures, knowing they are compliant with EU law. Public and private sectors are also expected to increase funding for AI research and development, particularly in sectors like healthcare, finance, and manufacturing where high-risk AI applications require compliance with the Act.
5. Competitive Advantage for Compliant AI Businesses
Businesses that proactively align with the EU AI Act will be first movers in a trusted AI ecosystem. This could result in:
✔ Stronger partnerships with organizations that require AI compliance
✔ Enhanced brand reputation as a responsible AI leader
✔ Early adoption of best practices, leading to smoother transitions when stricter global AI regulations emerge
What’s Your Take?
How do you see the EU AI Act influencing your industry? Are you already preparing for compliance? Book a free call with us at: https://lnkd.in/dNGhkv3T
AI Innovation Summit 2025 to Feature Dr. Galia Mancheva on Navigating the EU AI Act
Sofia, Bulgaria – March 6, 2025 – The AI Innovation Summit 2025 is set to take place on March 6, 2025, in Sofia, Bulgaria. Organized by Enterprise magazine, this premier event aims to unite AI experts, professionals, and enthusiasts to explore the latest innovations and technologies shaping the future.
A highlight of the summit will be a keynote address by Dr. Galia Mancheva, Founder and CEO of AI Advy, a consulting firm specializing in assisting companies with compliance to EU AI regulations. Dr. Mancheva will provide an in-depth analysis of the EU AI Act, offering insights into its implications for businesses and strategies for effective compliance.
Dr. Mancheva’s extensive experience includes working with financial institutions on implementing AI for capital adequacy and bank provisions, with her work receiving approval from the Austrian Central Bank. She is also the author of “Risk Management in Politics.”
The AI Innovation Summit 2025 will feature a diverse agenda, including presentations on AI applications in various sectors, leadership in the AI era, and panel discussions on large language models like Chat GPT and their business applications. Attendees will have the opportunity to engage with industry leaders, participate in workshops, and gain practical insights to stay ahead in the evolving AI landscape.
About AI Innovation Summit 2025
The AI Innovation Summit 2025, organized by Enterprise magazine, is a platform designed to foster a community of AI experts and enthusiasts. The summit aims to share knowledge on AI innovations, consumer engagement, and transformative technologies shaping the world.
About Dr. Galia Mancheva
Dr. Galia Mancheva is the Founder and CEO of AI Advy, a consulting company that helps companies comply with EU AI regulations to mitigate financial risks and avoid sanctions. Her expertise includes implementing AI solutions in the financial sector, and she is the author of “Risk Management in Politics.”
Media Contact:
Enterprise Magazine
Phone: +359 898 487 912
Email: abonament@enterprise.bg
Website: AI Innovation Summit 06.03.2025 – AI Innovation Summit 2025
For more information and to register for the event, please visit AI Innovation Summit 06.03.2025 – AI Innovation Summit 2025
EU AI Act – risks and application
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 apply?
The legislative framework applies to both public and private entities within and outside the EU if the AI system is marketed in the Union or its use impacts individuals located in the EU. Obligations can apply to both providers (e.g., developers of resume screening tools) and those implementing AI systems (e.g., a bank that has purchased the resume screening tool). There are some exceptions to the regulation, such as activities in research, development, and prototyping, AI systems created exclusively for military and defense purposes, or for national security purposes, etc.
What are the risk categories?
The Act introduces a unified framework across all EU countries, based on a forward-looking definition of AI and a risk-based approach:
- Minimal risk: For most AI systems, such as spam filters and AI-based video games, the AI Act does not impose requirements, but companies can voluntarily adopt additional codes of conduct.
- Specific transparency risk: Systems like chatbots must clearly inform users that they are interacting with a machine, and certain AI-generated content must be labeled as such.
- High risk: High-risk AI systems, such as AI-based medical software or AI systems used for recruitment, must meet strict requirements, including risk mitigation systems, high-quality datasets, clear information for users, human oversight, etc.
- Unacceptable risk: AI systems that enable “social scoring” by governments or companies are considered a clear threat to people’s fundamental rights and are therefore prohibited.
When will the AI Act be fully applicable?
The EU AI Act will apply two years after entry into force on 2 August 2026, except for the following specific provisions:
- The prohibitions, definitions and provisions related to AI literacy will apply 6 months after entry into force, not later than 2 February 2025;
- The rules on governance and the obligations for general purpose AI become applicable 12 months after entry into force, not later than 2 August 2025;
- The obligations for high-risk AI systems that classify as high-risk because they are embedded in regulated products, listed in Annex II (list of Union harmonisation legislation), apply 36 months after entry into force, not later than 2 August 2027.
What will be the benefits for companies from the introduction of this act?
Europe is taking significant steps to regulate artificial intelligence and promote investment in innovation and deep technologies. The European Innovation Council (EIC) plans to invest €1.4 billion in deep technologies and high-potential startups from the EU in 2025. This is stated in the EIC Work Programme for 2025, which includes an increase of €200 million compared to 2024. The goal is to foster a more sustainable innovation ecosystem in Europe.
What are the penalties for infringement of the EU 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) for infringements on prohibited practices or non-compliance related to requirements on data;
- Up to €15m or 3% of the total worldwide annual turnover of the preceding financial year for non-compliance with any of the other requirements or obligations of the Regulation;
- Up to €7.5m or 1.5% of the total worldwide annual turnover of the preceding financial year for the supply of incorrect, incomplete or misleading information to notified bodies and national competent authorities in reply to a request;
For each category of infringement, the threshold would be the lower of the two amounts for SMEs and the higher for other companies.
The Commission can also enforce the rules on providers of general-purpose AI models by means of fines, taking into account the following threshold: - Up to €15m or 3% of the total worldwide annual turnover of the preceding financial year for non-compliance with any of the obligations or measures requested by the Commission under the Regulation.
EU institutions, agencies or bodies are expected to lead by example, which is why they will also be subject to the rules and to possible penalties. The European Data Protection Supervisor will have the power to impose fines on them in case of non-compliance.
Our CEO, Dr. Galya Mancheva was a speaker at a seminar organized by BAIT, which took place on November 20, 2024
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 nearly 20 representatives from 13 BAIT member companies, who learned about the definition of artificial intelligence, the deadlines for compliance with the new regulatory requirements, the levels of risk and the risk-based approach implied by the framework, as well as the concept of risk management in the context of these requirements.
Dr. Galya Mancheva also presented AI advy, which helps companies meet European requirements and regulations related to artificial intelligence, particularly in the area of high-risk systems.
Europe regulates AI in order to boost investment in innovation and deep technologies
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 2025. The increase is €200 million compared to 2024 and aims to boost a more sustainable innovation ecosystem in Europe.
One of the main improvements to the programme is the EIC’s new scheme to expand the Strategic Technology Platform for Europe (STEP) – its budget is €300 million and will finance larger investments in companies aiming to bring strategic technologies to the EU market.
The remaining budget is distributed across 4 funding schemes:
EIC Pathfinder – for technology solutions with a technology readiness level of up to TRL 4 with the potential to lead to technological breakthroughs.
EIC Transition – an opportunity for consortia that have already achieved research results within the EIC Pathfinder or other Horizon 2020 and Horizon Europe programmes to turn them into innovations ready for market implementation.
EIC Accelerator – support for innovation projects in the final development phase.
The individual programmes are eligible for funding by research organisations, universities, SMEs, start-ups, manufacturing companies or sole traders, large companies, small mid-caps, etc.
Our CEO Dr. Galya Mancheva has provided an UpDate on EU AI Act on Bloomberg TV
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 that need to comply with transparency requirements will apply 12 months after the entry into force
High-risk systems will have more time to comply with the requirements as the obligations concerning them will become applicable 36 months after the entry into force.
The EU AI Act is not just a regulatory hurdle—it’s a game-changer for AI-driven innovation. Businesses across industries are rethinking their AI strategies to align with compliance, ethics, and responsible AI adoption. But beyond legal obligations, the Act presents an opportunity: companies that adapt early can lead the future of ethical AI innovation.
Key Changes: How the EU AI Act is Reshaping AI Development
1️⃣ High-Risk AI: More Oversight, More Trust
Under the Act, AI systems used in finance, healthcare, HR, law enforcement, and education are classified as high-risk. These systems must:
✅ Undergo rigorous risk assessments and bias testing
✅ Ensure human oversight in decision-making
✅ Provide clear documentation and explainability
What This Means for Businesses:
Companies must redesign AI models to be more interpretable and auditable, shifting the focus from “black-box AI” to trustworthy AI.
2️⃣ Transparency & Accountability: The New AI Standard
One of the Act’s most impactful requirements is transparency. AI providers must:
– Disclose training data sources (to prevent bias and copyright violations)
– Label AI-generated content to prevent misinformation
– Implement strong governance frameworks for continuous monitoring
The Business Impact:
AI leaders who invest in ethical AI development will win consumer trust and differentiate themselves in the market.
3️⃣ General-Purpose AI (GPAI): The Next Big Challenge
Foundation models and large-scale AI systems (such as ChatGPT, Gemini, and Claude) must comply with:
– Risk mitigation plans to prevent harmful applications
– Increased scrutiny on AI-generated content (deepfakes, misinformation, etc.)
– Audit requirements for bias and safety
The Innovation Shift:
Big Tech and AI startups must balance innovation speed with ethical safeguards, leading to more responsible AI models.
What’s Next? The Future of AI Innovation in Business
The EU AI Act is a turning point for AI-driven industries. Businesses that embrace compliance as a competitive advantage will lead the next era of trustworthy and ethical AI.