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In this insightful panel discussion, leading AI experts and industry professionals unpack the complex and often misunderstood concept of Artificial Intelligence (AI). The conversation explores AI from industrial, legal, and practical viewpoints—offering clarity on how it’s defined and applied across sectors. Key highlights include the rise of large language models (LLMs), AI’s role in decision-making, and the regulatory challenges faced in both the European Union (EU) and the United States (US). The panel also tackles critical issues such as data ownership, AI ethics, healthcare applications, and the monetization of data in an AI-driven world. This comprehensive discussion provides valuable insights into the current state of AI, its ethical dilemmas, and its future potential to transform industries and society worldwide. Tags: artificial intelligence panel AI experts discussion large language models LLMs AI ethics AI regulation EU US data ownership and monetization AI in healthcare future of AI technology defining artificial intelligence AI industry perspectives AI and decision-making 00:00 Introduction and Provocative Question 00:25 Industry Perspective on AI 01:45 Legal Perspective on AI Definition 02:52 Simplistic Definition of AI 03:44 Automation Intelligence Concept 04:26 AI in Hungarian Parliament 05:04 Large Language Models and AI 08:12 Human Oversight in AI 10:57 Regulation and Economic Impact 14:10 Data Ownership and Monetization 20:04 Environmental and Ethical Considerations 22:55 Trust and AI Design 24:26 Final Questions and Future of AI