EU Reveals Its 7 Essentials For Achieving Trustworthy AI

A group of Europe’s top AI experts has published its AI ethics guidelines with the aim of dissuading stakeholders from going down a dangerous path.

After months of deliberation and fine-tuning, the European Commission’s High Level Expert Group on Artificial Intelligence has published the ethics guidelines for trustworthy AI.

Including University College Cork’s Prof Barry O’Sullivan, the group will now make itself available to industry, research institutes and public authorities under a pilot phase to cooperate on what amounts to a loose framework for discouraging developers to follow a potentially dangerous path.

Among the guidelines published were a set of seven essentials for achieving trustworthy AI:

  1. Human agency and oversight: AI systems should enable equitable societies by supporting human agency and fundamental rights, and not decrease, limit or misguide human autonomy
  2. Robustness and safety: Trustworthy AI requires algorithms to be secure, reliable and robust enough to deal with errors or inconsistencies during all life-cycle phases of AI systems
  3. Privacy and data governance: Citizens should have full control over their own data, while data concerning them will not be used to harm or discriminate against them
  4. Transparency: The traceability of AI systems should be ensured
  5. Diversity, non-discrimination and fairness: AI systems should consider the whole range of human abilities, skills and requirements, and ensure accessibility
  6. Societal and environmental wellbeing: AI systems should be used to enhance positive social change and enhance sustainability and ecological responsibility
  7. Accountability: Mechanisms should be put in place to ensure responsibility and accountability for AI systems and their outcomes

From today (9 April), companies, public administrations and organisations can sign up to the European AI Alliance ahead of the launch of the guidelines’ pilot phase some time in summer of this year.

Speaking of the launch, the EU’s commissioner for digital economy and society, Mariya Gabriel, said: “Today, we are taking an important step towards ethical and secure AI in the EU. We now have a solid foundation based on EU values … following an extensive and constructive engagement from many stakeholders including businesses, academia and civil society.

“We will now put these requirements to practice and at the same time foster an international discussion on human-centric AI.”

Starting in autumn 2019, the EU plans to launch a number of ‘excellence centres’ and will start setting up networks of digital innovation hubs in member states to develop and implement a model for best practices in data sharing among them.

Once the pilot phase is completed in early 2020, the AI expert group will take on board feedback from European AI Alliance members and propose any potential changes or further steps to prevent any instances of ‘AI run amok’.

RECENT NEWS

Adaptation And Innovation: Revolut's Response To Banking License Delay Through Advertising Sales Push

As Revolut eagerly awaits the acquisition of its banking license, the fintech giant has demonstrated remarkable adaptabi... Read more

Riding The Wave: The Evolution Of Fintech Investment Strategies

The fintech industry has experienced unprecedented growth in recent years, captivating the attention of investors worldw... Read more

How Fintech Is Revolutionizing Traditional Banking

How fintech is revolutionizing traditional banking is a topic that is garnering positive and immense discourse within th... Read more

Blockchain And Its Impact On Fintech Industry

Blockchain and its impact on Fintech Industry has become a hot topic in the current digital era. The amalgamation of blo... Read more

The Rise Of Fintech In The Digital Era

In the heart of the digital revolution, we've observed a term termed as "fintech" creating a substantial and transformat... Read more

Role Of Fintech In Transforming Retail Banking

The role of fintech in transforming retail banking is producing significant changes in the financial services industry. ... Read more