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Immigration Experts Urge HR Teams not to Abandon AI in the Face of New Regulations

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The introduction of the EU AI Act automatically classifies the use of AI systems in immigration processes as high-risk. However, key exemptions will allow businesses to supercharge their global mobility efforts while remaining compliant.

LONDON, Nov. 5, 2024 /PRNewswire-PRWeb/ — Employers and HR professionals should not let new European regulations hamper their use of artificial intelligence in improving processes and boosting productivity. That is the message from Centuro Global, the global mobility and expansion platform, as it launches a new report highlighting several exemptions that allow teams to deploy new technologies without triggering elevated compliance obligations.

The EU AI Act, enacted in August 2024, is the world’s first major regulatory framework for AI. It aims to balance the potential of the technology with the dangers it could pose to people. As part of this, it classifies the use of AI in a four-tier risk system.

The Act classifies AI use in immigration services as high-risk, meaning that companies developing an AI tool to perform a task related to immigration procedures will either have to fulfil a set of duties around transparency and risk management or prepare a case for why the specific use case does not constitute a high-risk application of AI.

For HR and global mobility professionals, this may ring alarm bells. However, the Act’s wording offers crucial flexibility, enabling continued innovation without compliance concerns.

An AI system is exempt from the high-risk classification if any of the following conditions are fulfilled:

The AI system is intended to perform a narrow procedural taskThe AI system improves the result of a previously completed human activityThe AI system is intended to detect decision-making patterns or deviations from prior decision-making patterns and is not meant to replace or influence the previously completed human assessment.

Zain Ali, co-founder and CEO of Centuro Global, explains: “Most of the AI tools that HR teams are particularly likely to use will meet at least one of these criteria. This clause gives professionals the licence to experience the undeniable benefits of AI systems in supercharging global mobility.

“Of course, remaining compliant is key, so when using an AI tool, it’s vital to stick to the developer’s instructions, apply human oversight measures and report any issues to the provider.”

According to British Chambers, 62% of organisations in the UK are currently facing skills shortages. As such, global mobility is becoming increasingly critical in sourcing talent and reducing stress on existing staff. AI offers significant gains in navigating the complexities of recruiting from overseas. With that in mind, Zain is keen to reassure businesses that they needn’t fear the Act and encourage continued exploration into potentially transformative technologies.

Zain continued: “HR professionals are already using AI to streamline and optimise other areas of their work, and there is a significant opportunity to enjoy the same benefits when doing business abroad.

“Remember, though, the AI Act is a complex, dynamic piece of legislation. If you’re using AI, commit to fully understanding the Act’s nuances to avoid becoming complacent, as non-compliance penalties could be financially and reputationally ruinous.”

For more information or to download the report, visit www.centuroglobal.com

ABOUT CENTURO GLOBAL

Launched in 2020, Centuro Global is an AI-powered SaaS platform that ensures a company’s global expansion and mobility needs are serviced compliantly in one place. With the Centuro Connect platform, every step of the global expansion journey, from tax, legal, and immigration to payroll and HR, is found in one system, allowing companies to trade in any jurisdiction easily and efficiently.

Please see an explainer video at https://youtu.be/WDj5O6Sf79Um

Media Contact

Oluwatomi Lawal, Centuro Global, 44 7414635256, centuroglobal@yourstorypr.com, https://www.centuroglobal.com/

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SOURCE Centuro Global

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

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SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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