## 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.

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## 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