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EU to propose new Artificial Intelligence Regulation


On April 21, the EU Commission is expected to adopt a proposal for a regulation (the AI Regulation) of "artificial intelligence systems" (AI systems), imposing new obligations that will impact businesses across many, if not all, sectors of the economy. The AI Regulation is ambitious and will prove controversial, touching off a legislative battle lasting at least until 2022. The proposed AI Regulation will join other ambitious EU initiatives in the digital sector, such as the Data Governance Act, Digital Services Act and Digital Markets Act, all currently working their way through the EU legislative process, as well as ongoing reform of EU antitrust policy. Other jurisdictions will likely examine all of these measures closely as potential models for similar legislation. A leaked draft of the AI Regulation (the Draft) illustrates the potential scope and impact of the new law.

Europe Seeks to Tame Artificial Intelligence with the World's First Comprehensive Regulation


In what could be a harbinger of the future regulation of artificial intelligence (AI) in the United States, the European Commission published its recent proposal for regulation of AI systems. The proposal is part of the European Commission's larger European strategy for data, which seeks to "defend and promote European values and rights in how we design, make and deploy technology in the economy." To this end, the proposed regulation attempts to address the potential risks that AI systems pose to the health, safety, and fundamental rights of Europeans caused by AI systems. Under the proposed regulation, AI systems presenting the least risk would be subject to minimal disclosure requirements, while at the other end of the spectrum AI systems that exploit human vulnerabilities and government-administered biometric surveillance systems are prohibited outright except under certain circumstances. In the middle, "high-risk" AI systems would be subject to detailed compliance reviews.

Breaking down the AI healthcare regulations


In the series "Breaking down the EU AI regulations" so far we've talked about the AI regulations and specifically what the EU did on this topic. To recap, AI regulations in the EU are currently governed mostly by frameworks and rules which are still only proposals and are not yet in force. The companies that are somehow connected to the creation and use of AI will have to let their users know about their use of AI systems (or AI algorithms) and have to be able to explain why their AI model makes certain decisions. There is an AI Act about rules to put new AI-enabled systems into the market. This includes what AI systems cannot be marketed, what information should be published so that users may know about the AI systems and their operational capabilities, what technical requirements are there, requirements for datasets that are used to train AI systems, and also requirements after the AI systems are put in circulation.

Efforts to craft AI regulations will continue in 2022


AI regulations are coming and will be a significant focus for lawmakers in the U.S. and globally in 2022. That's according to Beena Ammanath, executive director of the Global Deloitte AI Institute, who sees a fast-moving worldwide push for AI regulation. As artificial intelligence technology use increases across enterprises, Ammanath said it will be important for governments, the private sector and consumer groups to develop regulations for AI and other emerging technologies. Broadly, advocates for AI regulation seek transparency for black box algorithms and the means to protect consumers from bias and discrimination. The U.S. has been slow to regulate AI compared to the U.K., Germany, China and Canada.

Pinaki Laskar on LinkedIn: #ArtificialIntelligence #AI #algorithms


AI Researcher, Cognitive Technologist Inventor - AI Thinking, Think Chain Innovator - AIOT, XAI, Autonomous Cars, IIOT Founder Fisheyebox Spatial Computing Savant, Transformative Leader, Industry X.0 Practitioner How to Regulate #ArtificialIntelligence the Right Way? #AI must be regulated to protect the positive progress of the technology. Legislators across the globe have to this day failed to design laws that specifically regulate the use of artificial intelligence. This allows profit-oriented companies to develop systems that may cause harm to individuals and to the broader society. We need to regulate artificial intelligence for two reasons, First, because governments and companies use AI to make decisions that can have a significant impact on our lives. Second, because whenever someone takes a decision that affects us, they have to be accountable to us.