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A collection of stories about people, capabilities, and the ever-changing face of business.

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Understanding the EU Artificial Intelligence (AI) Act: A Practical Guide for 2024
By Matthew Johnson - 2024-08-19

On August 1, 2024, the European Union’s AI Act became official, marking a significant shift in how AI is developed and used worldwide. Similar to the GDPR for data privacy, this new law requires any company providing AI products to the EU to comply with its regulations. The AI Act is the first comprehensive set of rules for managing AI, aiming to boost innovation while ensuring safety across all 27 EU countries. It classifies AI systems based on their risk levels, with stricter rules for higher-risk applications. While the Act is focused on Europe, its impact will be felt globally, particularly by U.S. companies whose AI products reach European markets. Whether you’re developing, selling, or using AI, understanding the different risk categories and compliance requirements is crucial. The Act will be implemented gradually, so it’s important to start preparing now by reviewing your AI systems and planning for compliance. JHG Consulting is here to help you navigate these new regulations and ensure your AI remains both innovative and compliant.

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Responding to Geoffrey Hinton: Don't Worry Darling, AI Isn't Doomsday
By Matthew Johnson - 2024-10-11

This article responds to Geoffrey Hinton’s warnings about AI posing an existential threat. It argues that while AI presents risks, the doomsday narrative is exaggerated. The piece emphasizes AI’s current limitations, especially in creativity and ethical reasoning, and stresses the importance of responsible AI development. By balancing innovation with safety and focusing on ethical practices, the article suggests that AI can enhance human capabilities without the catastrophic outcomes some predict.

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At Johnsons Holdings Group, we believe that success in business should never come at the expense of honorable principles. Our mission is to provide innovative and effective businesses while maintaining the highest standards of ethics and social responsibility. With a commitment to integrity, transparency, and sustainable practices, we are dedicated to shaping business landscapes where positive outcomes and ethical considerations go hand in hand.

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