EU introduces AI strategy to build ‘ecosystem of trust’ (VentureBeat)

EU introduces AI strategy to build ‘ecosystem of trust’ (VentureBeat)

• The European Commission unveiled a sweeping set of proposals that it hopes will establish the region as leader in AI by focusing on trust and transparency.
• If enacted, the proposals would lead to changes in the way that data is collected and shared in an effort to level the playing field with competitors in the US and China.
• Part of the aim is to build confidence among European citizens, so that they would be more willing to allow AI to flourish in the region.
• They are targeting the technology to help solve problems such as climate change, mobility, and healthcare.

Analysis and Comments

• On AI, Europe is perceived as falling behind the US & China. Part of the challenge is that Europe has neither large tech companies with deep pockets, nor a government happy to throw money at the challenge.
• While the proposals are interesting, they do appear to merely either summarise previous plans or set out a series of hopes rather than concrete measures.
• The objective is good – we have pondered for a while now why Europe seems to be unable to create the tech giants seen elsewhere.
• Even if the European Union is unsuccessful in commercially bridging the gap with US and Chinese peers, there is one area where the region is a global leader – regulation.
• In this area regulation can be a good thing, much private data is now effectively controlled by large tech corporates.

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