What are the main costs associated with AI compliance for small businesses?
The main costs include software licensing, training, legal consultations, and ongoing monitoring.
Are there any affordable tools or resources for small businesses to manage these costs?
Yes, there are several budget-friendly tools like compliance management software and online training platforms.
How can small businesses prioritize their compliance efforts?
They should assess their specific needs, focus on high-risk areas, and implement scalable solutions.
What are the consequences of not complying with AI regulations?
Non-compliance can lead to hefty fines, legal issues, and damage to reputation.
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