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AI models with systemic risks given pointers on how to comply with EU AI rules

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Companies have until August 2 next year to comply with the legislation [File]
| Photo Credit: REUTERS

The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act).

The move aims to counter criticism from some companies about the AI Act and the regulatory burden while providing more clarity to businesses which face fines ranging from 7.5 million euros ($8.7 million) or 1.5% of turnover to 35 million euros or 7% of global turnover for violations.

The AI Act, which became law last year, will apply on August 2 for AI models with systemic risks and foundation models such as those made by Google, OpenAI, Meta Platforms, Anthropic and Mistral. Companies have until August 2 next year to comply with the legislation.

The Commission defines AI models with systemic risk as those with very advanced computing capabilities that could have a significant impact on public health, safety, fundamental rights or society.

The first group of models will have to carry out model evaluations, assess and mitigate risks, conduct adversarial testing, report serious incidents to the Commission and ensure adequate cybersecurity protection against theft and misuse.

General-purpose AI (GPAI) or foundation models will be subject to transparency requirements such as drawing up technical documentation, adopt copyright policies and provide detailed summaries about the content used for algorithm training.

“With today’s guidelines, the Commission supports the smooth and effective application of the AI Act,” EU tech chief Henna Virkkunen said in a statement.



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Egyptian AI Startup Intella Secures $12.5 Million in Series A to Lead Arabic Speech AI Innovation

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Egyptian AI startup Intella has secured $12.5 million in an oversubscribed Series A funding round, cementing the country’s position as a leader in developing sophisticated AI solutions that serve the Arabic-speaking world’s unique linguistic needs.

Founded in 2021 by CEO Nour Taher and CTO Omar Mansour, Intella represents the cutting edge of Egyptian technological innovation, solving complex challenges that global AI companies have struggled to address effectively in Arabic contexts.

Breakthrough Technology Achievement

Intella’s proprietary speech-to-text models have achieved an impressive 95.73% transcription accuracy across more than 25 Arabic dialects—a remarkable technical feat that demonstrates Egyptian engineers’ capability to develop world-class AI solutions. This accuracy rate positions Intella ahead of global competitors in addressing Arabic speech’s inherent linguistic complexity.

The startup’s success stems from its deep understanding of a challenge that outsiders often underestimate: everyday Arabic speech relies heavily on regional dialects rather than Modern Standard Arabic, creating phonetic diversity that requires sophisticated, locally-developed solutions.

Strategic Market Leadership

Intella’s client portfolio spans finance, telecommunications, and government sectors, demonstrating the broad applicability of Egyptian-developed AI technology. The company’s tools, including transcript analytics and conversational agents, transform spoken interactions into valuable enterprise insights across MENA markets.

The oversubscribed funding round, led by Prosus Ventures with participation from 500 Global, Wa’ed Ventures (Aramco’s VC arm), Hala Ventures, Idrisi Ventures, and HearstLab, reflects growing investor confidence in regionally-contextualized AI solutions developed by African innovators.

Ambitious Growth Trajectory

With revenue more than doubling in 2024 and projections of up to 7× growth in 2025, Intella exemplifies the rapid scaling potential of Egyptian tech companies that understand their regional markets deeply. This growth trajectory positions Egypt as a hub for Arabic language technology development.

The new funding will enable Intella to refine its dialectal models, expand its analytics platform intellaCX, and advance its digital human “Ziila” for voice-ordering and conversational applications. These developments showcase Egyptian innovation in creating culturally relevant AI interfaces.

Regional Expansion and Impact

Intella’s expansion plans across Egypt and Saudi Arabia demonstrate how Egyptian startups can leverage their technical expertise to serve broader regional markets. The company’s approach to localizing speech AI addresses a critical gap where global models often perform poorly in real-world Arabic settings.

As organizations across MENA increasingly demand voice-enabled services and localized conversational AI, Intella is positioned as a foundational player bridging global AI advances with Arabic-speaking communities’ specific needs.

With total funding now reaching approximately $16.9 million, Intella represents more than a business success—it demonstrates Egypt’s emergence as a leader in developing AI solutions that serve linguistic and cultural diversity. The company’s achievement highlights how African innovators are creating technologies that global companies couldn’t effectively develop, positioning the continent as a critical player in the future of artificial intelligence.





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Giving Technology Its Human Heart in the AI Era – Samsung Newsroom India

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They are not finished products yet, neither their prototypes nor their journeys. As part of Samsung Solve for Tomorrow, challenges have not ceased for the Top 40 innovators. These young changemakers are still building, modifying, expanding, testing, and sometimes discarding ideas altogether. What they are discovering, however, may be as relevant and important as the innovations themselves: that design thinking is not just a toolkit but a mindset that demands empathy, patience, and an openness to failure.

 

Over the past week, participants were on a frenetic pursuit for perfection in ideas guided by mentors, workshops, and their first exposure to the FITT labs.

 

In an AI-driven world where speed and automation dominate the public discourse, these students are being reminded that the true test of technology is whether it can connect to the human heart and the human behaviour.

 

 

Sitting With the Problem

In this context, it will be pertinent to speak about the story of the Pink Brigadiers. A team comprising of Vivek Sawant from Maharashtra and Shriya Aditya Dalai from Odisha, both NIT Rourkela engineering students. What are they doing this year? They are working on what they call Bharat’s first AI-driven breast care app. At first glance, it’s a technical marvel: convolutional neural networks with edge deployment that can detect anomalies and connect women with doctors. But the breakthrough, they admit, has not been in the code.

 

“Our product requires immense sensitivity. The design thinking training encouraged us to sit with the problem longer, understand users more deeply, and keep adapting to their needs. UX/UI and trust are as important as the AI itself,” they explain.

 

For them, design thinking is a reminder that how an app makes someone feel may be as critical as what it does. Building technology for a deeply private health concern means that tone, colour palettes, language, and interface all become questions of empathy. This insight resonates with recent Stanford research showing that building fair and trustworthy AI systems requires attention not only to algorithms but also to transparency, edge-case behaviour, and user comfort.

 

 

Humanising AI

Elsewhere, inside the FITT lab there is a duo trying to grasp the lesson on AI from their product – How can AI provide intelligence, and how can design thinking make it intelligible.

 

Take Mindsnap, a personalised education platform created by Devayanee Gupta and Sayan Adhikary from Kolkata, both engineering students. Powered by large language models (LLMs), the platform adapts to neurodiverse learners, whether they are dyslexic, on the spectrum, or simply learn better through games.

 

“We realised no algorithm works if the interface doesn’t speak to the learner,” they explain. “Design thinking made us focus on UX/UI, accessibility, and the lived experience of students.”

 

Aditya Verma from Chennai is making a similar discovery with Mama Saheli AI, a holistic pregnancy app inspired by his mother’s experience in remote areas where medical access was limited.

 

“My app had to feel like a friend, not just a tool. Design thinking pushed me to see it through the user’s emotions, behaviour, and even cultural context. That’s what makes it scalable and trustworthy,” he says.

 

His app synthesises information, filters out misinformation, and integrates with wearables to provide hyperpersonalized insights, but its soul lies in the idea of companionship. His approach aligns with the PADTHAI-MM framework, which shows that transparent, human-centred design, combining explainability with user context, produces far more trust than opaque “black box” AI.

 

 

Design as a Strategy for Scale

The Prithvirakshak team from Ludhiana: 12th graders Abhishek Dhanda, Prabhkirat Singh, and Rachita Chandok are fighting India’s colossal waste management problem with what they call the nation’s first modular automated vermicomposting centre.

 

The idea began as a classroom experiment, it has now become a three-year journey of prototyping, testing, and learning how to collapse a 90-day composting process into just 30 days.

 

“Traditionally, vermicomposting has been labour-intensive and hard to scale,” they explain. “Design thinking helped us imagine modular models that can work in a garden, a housing society, or even at city level.”

 

For them, scalability is not about size but about adaptability, the ability to shape the same core idea to serve farmers, urban families, or municipalities.

The Journey, Not the Destination

None of these teams know if they will eventually win the Solve for Tomorrow challenge. Their prototypes remain imperfect; their pitch decks are still being rewritten. Yet what binds them together is a recognition that design thinking has already amended their approach.

 

While global conversations around AI often spiral into questions of ethics, bias, and speed, these young problem-solvers are grounding their innovations in something older and steadier: human-centred design.

 

AI, they are discovering, may be the brain. But design thinking, in all its humility and discipline, is the heart. And as these students continue to fight for their place in the Top 20, that may turn out to be the most important lesson of all.



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Alset AI Names Tech Veteran Kurtis Krack as Lyken.AI President

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Alset AI Ventures (OTC:GPUSF) has appointed technology veteran Kurtis Krack as the new President of its cloud compute business, Lyken.AI, effective September 15, 2025. Krack brings over 20 years of technology sector experience from previous leadership roles at Denvr Dataworks, OnX Enterprise Solutions, and EMC/Dell.

In his new role, Krack will focus on three key areas: developing Lyken.AI’s go-to-market roadmap, scaling infrastructure across North America, and expanding partner integrations within the AI compute ecosystem. His appointment is subject to TSX Venture Exchange approval.

Alset AI Ventures (OTC:GPUSF) ha nominato il veterano della tecnologia Kurtis Krack come nuovo Presidente della sua divisione cloud Lyken.AI, con effetto dal 15 settembre 2025. Krack porta oltre 20 anni di esperienza nel settore tecnologico provenienti da ruoli di leadership presso Denvr Dataworks, OnX Enterprise Solutions e EMC/Dell. Nel suo nuovo ruolo, Krack si concentrerà su tre aree chiave: sviluppo della roadmap go-to-market di Lyken.AI, scaling dell’infrastruttura in Nord America e l’espansione delle integrazioni con i partner all’interno dell’ecosistema di calcolo AI. La sua nomina è soggetta all’approvazione della TSX Venture Exchange.

Alset AI Ventures (OTC:GPUSF) ha nombrado al veterano de la tecnología Kurtis Krack como nuevo presidente de su negocio de computación en la nube, Lyken.AI, con efecto a partir del 15 de septiembre de 2025. Krack aporta más de 20 años de experiencia en el sector tecnológico de puestos de liderazgo anteriores en Denvr Dataworks, OnX Enterprise Solutions y EMC/Dell. En su nuevo cargo, Krack se centrará en tres áreas clave: desarrollar la hoja de ruta de comercialización de Lyken.AI, escalar la infraestructura a lo largo de América del Norte y ampliar las integraciones con socios dentro del ecosistema de cómputo AI. Su nombramiento está sujeto a la aprobación de la TSX Venture Exchange.

Alset AI Ventures (OTC:GPUSF)가 cloud compute 사업 Lyken.AI의 새로운 사장으로 기술 베테랑 Kurtis Krack을 임명했으며 이는 2025년 9월 15일부터 발효됩니다. Krack은 Denvr Dataworks, OnX Enterprise Solutions, EMC/Dell에서의 리더십 역할로부터 20년 이상의 기술 부문 경험을 가지고 있습니다. 새로운 역할에서 Krack은 세 가지 핵심 영역에 집중할 것입니다: Lyken.AI의 출시 전략(go-to-market) 로드맵 개발, 북미 전역의 인프라 확장, AI 컴퓨트 생태계 내 파트너 통합 확대. 그의 임명은 TSX Venture Exchange의 승인을 조건으로 합니다.

Alset AI Ventures (OTC:GPUSF) a nommé le vétéran de la technologie Kurtis Krack comme nouveau président de son activité de cloud computing Lyken.AI, à compter du 15 septembre 2025. Krack apporte plus de 20 ans d’expérience dans le secteur technologique grâce à ses postes de direction chez Denvr Dataworks, OnX Enterprise Solutions et EMC/Dell.Dans son nouveau rôle, Krack se concentrera sur trois domaines clés: développer la feuille de route go-to-market de Lyken.AI, déployer l’infrastructure à travers l’Amérique du Nord, et élargir les intégrations des partenaires au sein de l’écosystème de calcul IA. Sa nomination est soumise à l’approbation de la TSX Venture Exchange.

Alset AI Ventures (OTC:GPUSF) hat Technologie-Veteran Kurtis Krack zum neuen Präsidenten des Cloud-Compute-Geschäfts Lyken.AI ernannt, mit Wirkung zum 15. September 2025. Krack bringt über 20 Jahre Erfahrung im Technologiesektor aus früheren Führungsrollen bei Denvr Dataworks, OnX Enterprise Solutions und EMC/Dell mit. In seiner neuen Rolle wird er sich auf drei Kernbereiche konzentrieren: Entwicklung der Go-to-Market-Strategie von Lyken.AI, Skalierung der Infrastruktur in Nordamerika und Ausbau der Partner-Integrationen im AI-Compute-Ökosystem. Seine Ernennung bedarf der Zulassung durch die TSX Venture Exchange.

Alset AI Ventures (OTC:GPUSF) عينت مخضرم التكنولوجيا Kurtis Krack كرئيس جديد لعملها في الحوسبة السحابية Lyken.AI، اعتباراً من 15 سبتمبر 2025. يجلب Krack أكثر من 20 عاماً من الخبرة في قطاع التكنولوجيا من مناصب قيادية سابقة في Denvr Dataworks وOnX Enterprise Solutions وEMC/Dell. في دوره الجديد، سيركز Krack على ثلاثة مجالات رئيسية: تطوير خارطة طريق Lyken.AI للذهاب إلى السوق، وتوسيع البنية التحتية عبر أمريكا الشمالية، وتوسيع تكاملات الشركاء داخل منظومة الحوسبة الذكاء الاصطناعي. تعيينه يخضع لموافقة TSX Venture Exchange.

Alset AI Ventures (OTC:GPUSF) 已任命技术资深人士Kurtis Krack为其云计算业务Lyken.AI的新任总统,生效日期为2025年9月15日。Krack在Denvr Dataworks、OnX Enterprise Solutions和EMC/Dell等担任过领导职务,累计拥有超过20年的科技行业经验。在新任命中,Krack将专注于三个关键领域:制定Lyken.AI的市场进入路线图、在北美高速扩展基础设施,以及扩大AI计算生态系统内的合作伙伴集成。其任命需得到TSX Venture Exchange的批准。

Positive


  • Appointment of seasoned executive with over 20 years of relevant industry experience

  • Strategic focus on platform expansion and infrastructure scaling across North America

  • Leadership experience with Fortune 500 clients indicates potential for enterprise-level growth

Negative


  • Appointment subject to regulatory approval from TSX Venture Exchange

  • No immediate revenue impact or financial metrics provided












Formerly at Denvr Dataworks Corp., OnX, and EMC/Dell, Krack Brings Deep Expertise in Platform Expansion, Revenue Generation, and Large-scale Infrastructure Solutions

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 16, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60)(WKN:A3ESVQ) (“Alset AI” or the “Company”) an artificial intelligence (“AI“) venture company advancing innovation through strategic investment and cloud computing solutions is pleased to announce the appointment of Kurtis Krack as President of its flagship cloud compute business, Lyken.AI (“Lyken”),as of September 15, 2025. Krack, a seasoned technology executive with over 20 years of sector experience, joins Lyken to lead the company’s platform-as-a-service (“PaaS”) expansion, infrastructure scaling, and commercial growth strategy.

Krack’s background includes leadership roles at Denvr Dataworks, OnX Enterprise Solutions, and EMC, where he built and scaled enterprise IT infrastructure platforms, drove cloud adoption across Fortune 500 clients.

At Lyken.AI, Krack will be helping develop the company’s go-to-market roadmap, scaling the infrastructure footprint across Canada and North America, and deepening partner integrations across the AI compute ecosystem.

Adam Ingrao, Chief Executive Officer of Alset AI, commented: “Kurtis brings the perfect blend of enterprise experience and growth leadership to Lyken at a time when the market demands execution, speed, and scale. His proven track record of driving platform transformation and managing complex technology rollouts makes him the right leader to take Lyken into its next phase of growth. We’re excited to have him on board.”

Krack stated: “Joining Lyken.AI is an extraordinary opportunity to help buildout the critical infrastructure that underpins the future of artificial intelligence. The demand for scalable compute continues to grow and I look forward to working with the Lyken team to expand our platform. I look forward to working with the team to expand our platform, deepen our partner ecosystem, and accelerate revenue growth as we scale into the next phase.”

Mr. Krack’s appointment to Lyken is subject to the approval of the TSX Venture Exchange.

About Alset AI Ventures Inc.

Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high- potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.

For further information about Alset AI Ventures Inc., please contact:

Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements“) regarding the Company and Lyken, including statements about Mr. Krack’s anticipated role in developing Lyken’s go-to-market roadmap, scaling infrastructure across North America, deepening partner integrations within the AI compute ecosystems, and advancing Lyken’s next phase of growth. Forward-looking statements may also relate to Mr. Kracks’s plans to build AI critical infrastructure, collaborate with others to expand the Lyken platform, support revenue growth and scaling initiatives, and the Company’s ability to shape the future of artificial intelligence. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release.Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risks and Uncertainties” in its most recent Management’s Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.

SOURCE: Alset AI Ventures Inc.

View the original press release on ACCESS Newswire









FAQ



Who is the new President of Lyken.AI and what is his background?


Kurtis Krack is the new President of Lyken.AI, bringing over 20 years of technology sector experience from previous leadership roles at Denvr Dataworks, OnX Enterprise Solutions, and EMC/Dell.


What are Kurtis Krack’s main responsibilities at Lyken.AI (GPUSF)?


Krack will focus on developing the go-to-market roadmap, scaling infrastructure across North America, and expanding partner integrations within the AI compute ecosystem.


When does Kurtis Krack start his role as President of Lyken.AI?


Krack’s appointment is effective September 15, 2025, subject to TSX Venture Exchange approval.


What is Lyken.AI’s relationship with Alset AI Ventures (GPUSF)?


Lyken.AI is the flagship cloud compute business of Alset AI Ventures, focusing on platform-as-a-service (PaaS) and AI infrastructure solutions.


What are the strategic goals for Lyken.AI under the new leadership?


Under Krack’s leadership, Lyken.AI aims to expand its platform, scale infrastructure footprint across Canada and North America, deepen partner ecosystem, and accelerate revenue growth.








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