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The EU Wants to Make AI Trustworthy. Here’s What That Means for International Businesses.

June 18th, 2021 | by

Thanks Andrew Pery for the post!

On April 20, 2021 the European Commission released a much anticipated proposal for the regulation of Artificial Intelligence.  The proposed regulation is intended to balance the many socio-economic benefits of AI while mitigating potential harmful impacts to fundamental human and economic rights.  To achieve such a balanced approach the proposed regulation provides for a prescriptive risk-based framework to promote trustworthy AI predicated on principles of transparency, accountability, traceability, and human agency.

It is also important to point out that the EU envisions to be at the vanguard of AI innovation that delivers a fair and equitable distribution of the socio-economic potential of AI.  To do so, the EU put forward a “Coordinated Plan” that includes co-funding with the private sector Testing and Experimentation Facilities for AI applications and the Digital Europe Program with an annual investment volume of € 20 billion.

We are indeed at a critical inflection point in the adoption of AI technologies that has so many beneficial applications.  However, as the EU commissioned expert panel on Ethics Guidelines for Trustworthy AI so succinctly articulated:

‘Trustworthiness is a prerequisite for people and societies to develop, deploy and use AI systems. Without AI systems – and the human beings behind them – being demonstrably worthy of trust, unwanted consequences may ensue and their uptake might be hindered, preventing the realization of the potentially vast social and economic benefits that they can bring.”

Here, you will find answers to the following questions and more:

  • The effort to make AI trustworthy – Who does it impact?
  • Which AI systems do the proposed regulation cover?
  • What are the obligations for providers of AI systems?
  • What’s next?

What do you think? What are your answers to such questions? You are very welcome to write your thoughts and comments in the comments box below.

Andrew Pery is an AI Ethics Evangelist at ABBYY, a digital intelligence company. Andrew has more than 25 years of experience spearheading marketing and product management programs for leading global technology companies. His expertise is in intelligent document process automation and process intelligence with particular expertise in AI technologies, application software, data privacy, and AI ethics. He holds a Masters of Law degree with Distinction from Northwestern University Pritzker School of Law and is a Certified Data Privacy Professional.

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