Executive Director, Global Center for Sustainable Digital Finance, Stanford & Zurich University
Thomas Puschmann is Founder and Executive Director of the Global Center for Sustainable Digital Finance at Stanford University in partnership with the University of Zurich and the Korea Advanced Institute of Science & Technology (KAIST).
In addition, he is a Professor at the University of the Fraser Valley, British Columbia, Canada, Founder of the Swiss FinTech Innovation Lab at the University of Zurich, Co-Founder of the Swiss Green FinTech Network, Co-Founder of the Association Swiss FinTech Innovations, Co-Founder of Extreme Tech Challenge Switzerland and Member of the Swiss Innovation Council Innosuisse.
Thomas serves as an advisor for strategic national and international initiatives and is an advisory board member of various institutions to foster innovation and develop innovation and start-up ecosystems. Additionally, he is the Editor in Chief for the Springer book series on Financial Innovation and Technology and serves on the Editorial Board of various academic journals. Thomas was a visiting scholar at Stanford University and MIT Sloan School of Management.
Before his current position he was heading a research center on digital finance at the University of St. Gallen. Prior to this, Thomas spent five years in consulting and software development, where he was a member of the executive board at ESPRiT Consulting (now Q_Perior) and The Information Management Group.
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.
1. Navigating the EU AI Act: How can regulators ensure the EU remains an AI leader while implementing risk-tiered regulations that prevent harm without stifling technological progress?
2. Competitiveness vs Overregulation: With global AI competition intensifying, what policy strategies can ensure that AI startups and enterprises thrive without unnecessary compliance burdens?
3. Ethical AI as a competitive advantage: Can responsible AI practices become a strategic differentiator for European companies, positioning them as global leaders in trustworthy, human-centric AI deployment?