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By Dr. Saharnaz DILMAGHANI, Advisory Manager, AI Data Analytics Sébastien SCHMITT, Advisory Partner, PwC Luxembourg
Luxembourg’s financial and technology sectors are entering a new phase of Artificial Intelligence (AI) governance. The European Union’s Artificial Intelligence Act (AI Act), formally adopted in 2024, establishes the first comprehensive legal framework for AI worldwide. At the same time, the European Commission has introduced the Digital Omnibus proposal, designed to simplify and align digital regulations, including the AI Act, data protection rules, and cybersecurity legislation.
For Luxembourg, where AI adoption is accelerating in financial services, fintech, and digital innovation, these developments bring both new...
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