EU draft legislation on artificial intelligence requires awareness

Artificial intelligence (AI) is a rapidly growing part of our daily (business) life. As exciting and groundbreaking its possibilities are, the technology can also come with major risks. To protect citizens against misuse, the EU this spring proposed a draft legislation impacting basically every party that develops AI-applications. Our daily life is becoming more and more intertwined with AI, a catch-all term for a machine or system that makes decisions, based on large amounts of data, and improves itself while learning. The algorithms that recommend new information based on your search behaviour on social media, the face recognition on photos on your smartphone, or computers that select job applicants.