Dr. Julian Langer is a policy officer at the German Federal Ministry of Finance, specialising in the application of artificial intelligence in finance and open finance. He holds a PhD in economics from the University of Zurich. Previously, he was a research fellow at the Bank for International Settlements, a postdoctoral fellow at Harvard University and a visiting scholar at the Haas School of Business at the University of California, Berkeley.
Roundtable Room 2 (Level 2)
Open
The EU AI Act with its pioneering risk-based approach, sets a precedent for regulating AI by categorising applications based on their potential risks to individuals and society. By establishing clear guidelines for high-risk AI systems whilst imposing outright bans on some risks like social scoring, the Act seeks to balance ethics with AI development. However, stringent regulations risk presents some trade-offs, like having high compliance burdens for SMEs and startups, which can stifle innovation, pushing talent and investment to more business-friendly AI regions, and limiting Europe’s AI leadership.