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What is the Impact of the EU’S AI Act? (Roundtable Interview)
The EU’s AI Act, passed in December 2023, marks a significant milestone in AI regulation, aiming to ensure safety, trustworthiness, and respect for fundamental rights. Key provisions include classifying AI based on risk, prohibiting harmful AI practices, mandating transparency and explainability, and safeguarding against bias and discrimination. The Act is set to be formally adopted and enforced between 2024 and 2027, allowing businesses time to comply. Julie Myers Wood shares her expertise on how to be prepared. “We recommend that all companies think through what obligations they will have under the Act, what compliance looks like for them, and start the process well in advance,” emphasized Julie.
Julie Myers Wood
Chief Executive Officer
As the Chief Executive Officer of Guidepost Solutions, I focus on helping corporations resolve problems with government agencies, and ensure they are proactively addressing compliance requirements. Prior to joining the private sector, I held leadership positions with the U.S. Departments of Homeland Security, Commerce, Treasury and Justice. This includes serving as the Head of Immigration and Customs Enforcement, Homeland Security’s largest investigative component, as well as the Assistant Secretary for Export Enforcement and the Chief of Staff for the Criminal Division at the Department of Justice. Throughout my government and private sector career, I have helped develop, implement and execute compliance programs and crisis management plans and responses across a wide range of industries for numerous companies. I am nationally recognized as a speaker for my expertise on compliance, security, immigration and other law enforcement issues and have testified before Congress.
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