The EU AI Law Under Scrutiny
The Stagnation in the Future of Work
2030 is the target year for whatever disruption the EU has planned.
“Disruption” once signified business upheaval; it now merely describes a decade of costly, unproductive destruction across all business sectors.
The naive belief that a simple calculator can oversee trillions in finance persists, fueling frustration in the tech world.
Daily AI Errors and Job Creation
AI misfires are routine, yet these errors spawn new jobs dedicated to troubleshooting.
However, the financial cost of fixing these mishaps may erode personal wealth in the process.
Fraud in Global Finance
Fraudulent scams involve fictitious investment options created by nonexistent businesses that appear authentic and registered.
Offshore operations mean investors have zero chance of retrieving their funds.
Even the simplest fake transaction wall attacks real markets, creating opportunities for job seekers to repair these problems.
Legal Liability for AI Providers
No clear legal liabilities exist for AI service providers or resellers, despite discussions about AI insurance.
The US “Big Idiotic Bill” prevents state regulation for 10 years, opening the door for fraudsters.
Targeted Solutions
Solutions must target civil law and impose strong deterrents for fraud.
AI providers must be liable for fraud, even if unwitting, and social media should protect itself against deepfakes and fraud with appropriate Terms of Service.
Advertisers should demand proof of legitimate business before distributing commercial content.
Private Contract Law as a Model
These measures do not require regulatory innovation; they resemble private contract law.
The next wave of jobs will revolve around managing these AI “brats” and their alleged human accomplices.
The Leadership Four Words
“Get on with it.”
Do it.
Disclaimer*
The opinions expressed in this Op‑Ed are those of the author. They do not reflect the views of the Digital Journal or its members.
