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AI and Privacy: Navigating the EU's New AI Act with Flick Fisher

In this episode of Between Two COOs, host Michael Koenig welcomes back Flick Fisher, an expert on EU privacy law. They dive deep into the newly enacted EU Artificial Intelligence Act and its implications for businesses globally. They discuss compliance challenges, prohibited AI practices, and the potential geopolitical impact of AI regulation. For leaders and operators navigating AI in business, this episode provides crucial insights into managing AI technology within regulatory frameworks.

00:00 Introduction to Fellow and AI Meeting Assistant

01:01 Introduction to Between Two COOs Episode

02:08 What is the EU’s AI Act?

03:42 Prohibited AI Practices in the EU

07:46 Enforcement and Compliance Challenges

12:18 US vs EU: Regulatory Landscape

29:58 Impact on Companies and Consumers

31:55 Future of AI Regulation

Between Two COO's - https://betweentwocoos.com

Between Two COO's Episode

Michael Koenig on LinkedIn

Flick Fisher on LinkedIn

Flick on Data Privacy and GDPR on Between Two COO's

More on Flick's take of the EU's AI Act

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[00:00] Introduction – Michael introduces Fellow as a trusted AI meeting assistant.
[01:00] Welcome to Between Two COOs – Introducing Justin Etkin and Tropic.io.
[02:00] The evolution of procurement – From cost-cutting to strategic value creation.
[05:00] When should companies start formalizing procurement?
[07:00] Common mistakes businesses make in procurement.
[10:00] Using data and AI to improve procurement efficiency.
[12:00] Negotiation strategies and dealing with vendors.
[16:00] The role of AI in procurement and automation potential.
[20:00] How companies are shifting towards integrated procurement platforms.
[23:00] The intersection of procurement and legal, finance, and security.
[28:00] Justin’s wildest COO experience – Painting walls before an office move-out.
[30:00] Closing thoughts – Where to follow Justin and learn more about Tropic.io.

Tropic - https://www.tropicapp.io/

Between Two COO's - https://betweentwocoos.com

Episode URL - https://betweentwocoos.com/tropic-coo-justin-etkin

Michael Koenig - https://linkedin.com/in/michael-koenig514

Justin Etkin - https://www.linkedin.com/in/justintropic/

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Key Takeaways:

• Hidden C-Suite Job Market: The majority of C-level roles are filled through networking, talent partners, and executive recruiters before job postings are even considered.

• Role of Networking: Building strong relationships within your industry and maintaining top-of-mind positioning with decision-makers is crucial.

• Non-Traditional Candidates: Market shifts, such as the rise of AI and post-COVID changes, are creating opportunities for candidates from unconventional backgrounds.

• AI in Executive Recruiting: True Search uses AI-driven tools like Thrive to manage data at scale, identifying the best candidates more efficiently.

• Career Advice for COOs: Gaining hands-on experience in both value creation (product/tech) and value capture (go-to-market) functions can prepare COOs for CEO roles.

• Culture Fit: Evaluating culture fit involves assessing how a candidate aligns with and enhances the company’s existing culture without disrupting it.

• The Board Member Journey: To be considered for a board position, candidates need specialized expertise and experience managing boards or navigating complex organizational challenges.

Notable Quotes:

• “Position yourself within your network as someone ready to step into a C-level role—start those conversations early.”

• “If everyone’s a thought leader, no one is a thought leader. Focus your voice and expertise on what truly adds value.”

• “To be a successful CEO, you need to have hands-on experience in both product and go-to-market functions.”

Evan’s Unforgettable Moments:

• Two finalists in a CEO search accidentally meeting mid-interview process due to scheduling overlap—illustrating the small-world nature of the C-suite ecosystem.

• Delivering news to two candidates while they stood together on the sidelines of their kids’ soccer game, showing how interconnected the executive world can be.

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