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The European Union is investing resources and issuing legal tools in order to foster the lawful and accountable use of artificial intelligence (AI). In Spain, the Government is also...

Is the combination of regulation and pro-innovation policies enough to spur accelerating AI leadership?

The Eastern Partnership (EaP) needs an upgrade. This flagship policy of the European Union needs to evolve in line with the changing priorities and interests of the bloc and its eastern neighbours in everything from anti-corruption and security cooperation to gender equality and the environment. As the EU works to reform the EaP in such areas, it should pay particular attention to digitalisation: some of the bloc’s eastern partners have a keen interest in cooperation on the digital single mar...

As the EU establishes guidelines for ethical AI use, companies must do the same.

Surveys and Reports Regulatory Developments United Kingdom: Financial Services Act 2021 becomes law On 29 April 2021, the Financial Services Bill 2019-21 received Royal Assent. In a press release, HM Treasury described the Financial Services Act 2021 (the Act) as a ‘major milestone in shaping a regulatory framework for UK financial services outside of the EU.’ The Act makes significant amendments to key legislation, including the Financial Services and Markets Act 2000 (FSMA) and onshored E...

To embed, copy and paste the code into your website or blog: The week of April 19 was an eventful one for practitioners following the evolution of potential artificial intelligence (AI) enforcement both in the United States and abroad, answering some questions regarding which regulators were going to take a more active and prospective role in regulating and advising on AI use and what those roles might look like. In addition, and perhaps more importantly for advisers and their clients, the ann...

Artificial intelligence - Image by Alejandro Zorrilal Cruz (BRUSSELS) - The EU Commission proposed Wednesday a first-ever legal framework on artificial intelligence, with guarantees of safety and fundamental rights while strengthening AI uptake, investment and innovation. At the same time, new rules on machinery are set to complement this approach by adapting safety rules to increase users trust in the new, versatile generation of products. "On Artificial Intelligence, trust is a mu...

New EU regs set to control use of AI By Elaine Knutt on 22/04/2021 Painting the red lines on AI tech: the EU’s new draft AI regulations are designed to outlaw some applications of AI, while ensuring that risks are addressed in other uses. Picture by European Parliament New draft regulations from the European Commission on artificial intelligence (AI) include provisions to outlaw AI technology that can be used to manipulate people’s behaviour or create Chinese-style “social scoring” syst...

21-04-2021 ) Executive Vice President of the European Commission for A Europe Fit for the Digital Age, Margrethe Vestager (L), and European Commissioner in charge of internal market Thierry Breton (R), give a press conference on the EU approach to Artificial Intelligence in Brussels, Belgium, 21 April 2021. [EPA-EFE/OLIVIER HOSLET / POOL]

[co-author: Ilaria Boschi] As we saw in our last bite, artificial intelligence has been (and is expected to remain) a hot topic this year. This article aims to outline the most relevant provisions envisioned by the EU institutions after the milestone of the White Paper on Artificial Intelligence, adopted by the European Commission in February 2020 (see our previous bite on this). As we will argue below, such provisions, including especially the so-called “ October Framework on AI” of Octo...