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European Commission’s approach to artificial intelligence (AI)

Published

2018

Mon

11

Jun

 

 

 

 

Patrick Bracher, Director
Norton Rose Fulbright South Africa Inc.
 

 

 

 

The European Commission has labelled AI as one of the most strategic technologies of the 21st Century (so far of course) and has proposed a three-pronged approach to EU members which is worth considering:

  1. Investment in AI research and innovation must be increased. The EU (public and private sectors) is boosting investment by at least Euro 20 billion between now and the end of 2020.
  2. Because many jobs will be created but others will disappear and most will be transformed, everyone is encouraged to modernise their education and training systems and support labour market transitions. This should include strengthened support for training in advanced digital skills, including AI-specific expertise.
  3. Artificial intelligence will raise new ethical and legal questions, related to liability and potentially biased decision-making. The new technologies should not mean new values. Ethical guidelines must be developed based on fundamental rights (such as those in our own Bill of Rights). 
 
Source: Norton Rose Fulbright South Africa Inc.
 
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Clearing:

The process by which trades between users of an exchange are confirmed and net positions of each user struck so as to determine the amounts of money each user owes to other users.
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