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Financial sector sees last-minute disagreements over EU’s definition of AI system

By Luca Bertuzzi ( February 5, 2025, 16:22 GMT | Insight) -- The European Commission’s guidelines to clarify the definition of AI system under the EU AI Act have been delayed due to an internal dispute between commission departments concerning whether logistic regression, a statistical technique widely used in the financial sector for credit scoring, should fall into the law’s scope.The European Commission’s guidelines to clarify the definition of AI system under the EU AI Act have been delayed due to a last-minute internal dispute concerning a statistical technique widely used in the financial sector....

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