Expert: EU AI regulation is here, but Hungarian businesses will have time to prepare for the changes

 Számlázz.hu, one of Hungary’s most significant fintech companies, which works with nearly a million domestic entrepreneurs, has launched a podcast. The most current topic these days is artificial intelligence, and AI-generated content is even flowing from the tap. Dr. Viktor Vajda, an AI lawyer, spoke in the podcast about how national and EU bodies regulate the new technology and what impact this will have on Hungarian businesses. 

 The AI ​​Act, or the European Union’s regulation on artificial intelligence, is not anti-technology, according to Dr. Vajda. Its aim is to protect fundamental rights, manage risks and support responsible AI use at the European level. They want to regulate AI-based applications whose decisions have a meaningful impact on people’s lives, rights and opportunities. For example, they do not want the technology to be discriminatory or infringing on anyone. The regulation aims to ensure that the greater the impact an AI system has on people, the stricter transparency and oversight requirements apply to it. “The regulation regulates AI systems themselves, rather than artificial intelligence. The AI ​​Act does not introduce immediate bans, but rather a gradual application with several years of preparation time,” said Dr. Viktor Vajda. 

 An important message for businesses is that AI systems Licensing is fundamentally the responsibility of developers, but companies using artificial intelligence also have a responsibility to use the tools in a legal and transparent manner. For private purposes – for example, ChatGPT – everyone can use it at their own discretion. If an AI system produces incorrect, misleading or untrue content, the responsibility lies not with the technology itself, but with the person or organization using it. “The responsibility does not belong to the machine, but always remains with the person. AI does not become a legal person in the EU, it has no rights or responsibilities,” the expert said.  

 “AI will impact all of our lives. Many entrepreneurs fear these changes, while others see them as an opportunity. At Számlázz.hu, we believe in the need to be informed about the future. With the podcast series, we also help entrepreneurs to see through the issues affecting them and make responsible decisions in both daily matters and long-term strategy”

– said Balázs Ángyán, CEO of Számlázz.hu CEO.   

The full conversation can be viewed here: