Deloitte's view on achieving excellent and trustworthy AI

Deloitte has submitted its EU-level response to the white paper on AI along with a cover letter summarising its key messages. We see'trustworthy AI' as a multidimensional concept, in which economic, social, ecological and personal ethics need to be considered. To create the desired European'ecosystem of excellence' where AI SMEs can flourish, we believe in building skills and strengthening research (including first-class testing facilities). We also believe that effective regulation will help establish a level playing field, and - by encouraging innovation and providing proper incentives - can accelerate the development of new industries and technologies. We make suggestions for governance, compliance and assessment of high-risk AI applications.