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On August 2 the EU's AI Act may begin enforcing its transparency rules, with fines reaching three percent of global revenue for the model providers and application developers who cannot show how their systems were built and trained and don’t properly disclose where AI exists. AI used in hiring, lending, medical diagnosis, law enforcement, education, or critical infrastructure faces strict requirements. The reflexive reaction could be that AI may be too risky for regulated industries. But that would be backwards. What a regulator needs is a record: which requirement a system satisfies, what has changed, when and what test proves it still holds. An old, legacy system written years ago by contractors who have since moved on cannot produce that record at all. Most companies are already running this way. But software built today - like through our Software Factory - can generate that trail as it works, and can then hand over records and audit trails on demand. The opportunity now is to use AI to rebuild all of the old, dysfunctional software that exists in companies around the world into systems that are much cheaper, simpler and that you can actually audit. Learn more here: https://t.co/fkfTXgdfXK