Artificial intelligence (AI) uses computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. The technology is intended to foster logic-driven decisions but when human bias creeps into the system, it can have unintended negative results. However, when the work is done to implement AI in an ethical and transparent manner there are endless possibilities to extend knowledge and embrace the diversity of the of the hundreds of thousands of human dimensions. And with heightened AI use, there is an elevated risk related to data responsibility, inclusion and algorithmic accountability. AI is powering critical workflows in financial services, human resources, customer management and healthcare and AI adoption continues to accelerate rapidly providing the opportunity for collaboration within and across organizations to put ethics and transparency at the forefront.

In popular fiction, artificial intelligence (AI) often goes rogue. Arthur C Clarke's soft-spoken HAL 9000 in the movie "2001: A Space Odyssey" turns sinister, killing astronauts on a mission to Jupiter. Remember Skynet, the antagonist with genocidal goals from James Cameron's movies "The Terminator" and "Judgment Day"? Fiction now seems to be spilling over into real life. AI has run amok and been benched in multiple business deployments. In one instance, an AI had to be shut off after it spewed outrageously lewd and racist comments within 16 hours of being launched because of data poisoning.

The European Union is set to release new regulations for artificial intelligence that are expected to focus on transparency and oversight as the region seeks to differentiate its approach from those of the United States and China. On Wednesday, EU technology chief Margrethe Vestager will unveil a wide-ranging plan designed to bolster the region's competitiveness. While transformative technologies such as AI have been labeled critical to economic survival, Europe is perceived as slipping behind the U.S., where development is being led by tech giants with deep pockets, and China, where the central government is leading the push. Europe has in recent years sought to emphasize fairness and ethics when it comes to tech policy. These systems would require human oversight and audits, according to a widely leaked draft of the new rules.