In this episode, we explore the complexities of managing risk in the development of digital technologies. As digital tools continue to reshape society, regulators face the challenge of mitigating potential harms proactively. We discuss the limitations of rationality-based regulation and examine a precautionary approach that prioritizes prevention even before definitive evidence of risk arises. Delving into the frameworks of the GDPR and the proposed AI Act, we address the challenges of identifying and assessing new risks, the demand for transparency, and the critical role of human oversight in AI systems. Tune in to explore how we can balance innovation with precaution to create safer digital landscapes.