EU is working on legislation on artificial intelligence

Artificial intelligence solutions can be an opportunity to stimulate the economy and make a technological leap. On the other hand, they are also associated with threats, and there are already cases in Europe where artificial intelligence algorithms have been used in a way that raises legal doubts. Meanwhile, at the moment there is no law that would regulate this area. That is why the EU is working intensively on regulations, most of which are of a highly pro-consumer nature. Partner at Baker McKenzie, Marcin Trepka, however, points out that too rigid regulations will work the other way around, and instead of stimulating, they will limit innovation and the development of artificial intelligence.

"The element that needs to be regulated is the predictability of artificial intelligence systems. The greatest threat is perceived precisely in this lack of predictability, i.e. that the algorithm will make certain decisions unintentionally by the one who constructed it. Systems involve high risk, like the artificial surgeon's hand used in medicine, where AI will de facto assist in the operation, or autonomous cars and drones. There can be no room for mistakes here," Marcin Trepka noted.

Artificial intelligence is currently one of the fastest-growing technologies and an elementary part of digital transformation. According to the data cited by the European Commission, the number of patent applications in the field of AI has increased by as much as 400 percent in the last decade. It is estimated that by 2025 the impact of this technology on the economy will be in trillions of euros, and thanks to it, approximately 60 million new jobs may be created in Europe. Therefore, the European Commission wants to increase private and public investment in artificial intelligence to €20 billion a year, and in March this year, the European Parliament adopted a draft European strategy for data that is the basis for the development of AI.

(Newseria)