53. Peter Jeitscko - Impact of EU AI Regulation on AI startups

53. Peter Jeitscko - Impact of EU AI Regulation on AI startups

Author: Manuel Pasieka March 4, 2024 Duration: 57:32
Austrian Artificial Intelligence Podcast
Technology

## Summary

At the end of last year, the EU-AI Act was finalized and it spawned many discussions and a lot of doubts about the future of European AI companies.


Today on the show Peter Jeitschko, founder of JetHire an AI based recruiting platform that uses Large Language models to help recruiters find and work with candidates, talks about this perspective on the AI-Act.


We talk about the impact of the EU AI-Act on their platform, and how it falls into a high-risk use-case under the new regulation. Peter describes how the AI-Act forced them to create their company in the US and what he believes are the downsides of the EU regulation.


He describes his experience, that the EU regulations hinder innovation in Austria and Europe and how it increases legal costs and uncertainty, resulting in decision makers shying away in building and applying modern AI systems.


I think this episode is valuable for decision makers and founders of AI companies, that are affected by the upcoming AI Act and struggle to make sense of it.


## AAIP Community

Join our discord server and ask guest directly or discuss related topics with the community.

https://discord.gg/5Pj446VKNU


## TOC

00:00:00 Beginning

00:03:09 Guest Introduction

00:04:45 A founders perspective on the AI Act

00:13:45 JetHire - A recruiting platform affected the the AI Act

00:19:58 Achieving regulatory goals with good engineering

00:35:22 The mismatch between regulations and real world applications

00:48:12 European regulations vs. global AI services


## Sponsors

- Quantics: Supply Chain Planning for the new normal - the never normal - https://quantics.io/

- Belichberg GmbH: Software that Saves the Planet: The Future of Energy Begins Here - https://belichberg.com/


## References

Peter Jeitschko - https://www.linkedin.com/in/pjeitschko/

Peter Jeitschko - https://peterjeitschko.com/

JetHire - https://jethire.ai/

https://www.holisticai.com/blog/requirements-for-high-risk-ai-applications-overview-of-regulations



Hosted by Manuel Pasieka, the Austrian Artificial Intelligence Podcast offers a grounded, local perspective on a global phenomenon. Instead of abstract theorizing, each conversation focuses on the tangible impact and practical applications of AI within Austria's unique ecosystem. You'll hear from a diverse range of guests-researchers, entrepreneurs, policymakers, and creatives-who are actively shaping this landscape, discussing both the remarkable opportunities and the nuanced challenges specific to the region. The discussions delve into how these technologies are being integrated into Austrian industry, academia, and society, moving beyond hype to examine real-world implementation and ethical considerations. This podcast serves as an essential audio forum for anyone in Austria, or with an interest in the European tech scene, looking to understand how artificial intelligence is evolving right here. It’s about the people behind the algorithms and the local stories within a global revolution. For those engaged with the content, questions and suggestions are always welcome at the provided email address.
Author: Language: English Episodes: 73

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Duration: 1:18
Welcome to the Austrian AI Podcast! I am your host, Manuel Pasieka and I am excited to share with you on this Podcast my passion for Artificial Intelligence, Machine Learning and Data Science. I will bring onto the show,…

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