At the William Fry AI Summit, experts from various organisations shared their insights on upcoming AI regulation, the impact this tech will have on staff and its potential for the future.

Big tech companies around the world are proving AI is a profitable technology to delve into, so there is a temptation for businesses to quickly adopt it for themselves – but it’s not so simple.

There are various factors to consider when adopting AI, including attaining the skills to use it effectively, the impact it could have on staff, and risks around data and legal requirements when it comes to regulation – such as the EU’s AI Act.

To understand more about this rapidly evolving sector, representatives from various organisations attended the William Fry AI Summit in Dublin at the end of May. At the summit, experts from OpenAI, AWS and NASA, among others, shared their views on this technology.

Rachel Hayes, a partner in William Fry’s Technology Group, noted that training staff is “going to be key” in terms of how businesses use AI systems. And Barry Scannell, also a partner in William Fry’s Technology Group, spoke about the importance of preparing for the EU’s AI Act sooner rather than later by incorporating “responsible AI”.

Meanwhile, Dr Omar Hatamleh, the first chief AI officer of NASA’s Goddard Space Flight Center, believes that a cultural change will be needed for businesses to use AI properly.


Words by Leigh Mc Gowran