Why new EU rules around artificial intelligence are vital to the development of the sector
Shawn Tan, CEO of global AI ecosystem builder Skymind, explains why the European Union’s new rules on artificial intelligence are a good thing
Share this item with your network:
By
Published: 17 May 2021
European Union (EU) lawmakers have introduced new rules that will shape how companies use artificial intelligence (AI). The rules are the first of their kind to introduce regulation to the sector, and the EU’s approach is unique in the world.
In the US, tech firms are largely left to themselves, while in China, AI innovation is often government-led and used regularly to monitor citizens without too much hindrance from regulators. The EU bloc, however, is taking an approach that aims to maximise the potential of AI while maintaining privacy laws.