On May 3, 2022, the European Parliament issued its resolution on “artificial intelligence in the digital age”, calling for legislation that promotes innovation while respecting fundamental rights and democratic principles. In addition to this roadmap Artificial Intelligence Act Adopted by the European Commission on April 21, 2021.
It establishes a general regulatory and legal framework for artificial intelligence (AI), which applies to all industries and consists of four risk categories. They enter the market through a mandatory “CE” identification method and impose requirements for certification of high-risk AI systems. To ensure fair results, this pre-market compliance system also applies to machine learning training, testing and validation datasets.
The Artificial Intelligence Act contains a method derived from the Criticality Pyramid or Birds Pyramid, which determines a level of risk for each AI application. In this sense, a more flexible legal rule applies to uses that present certain uncertainties, and which are strict, even prohibited, for those who constitute high cases. Strict regulations are put in place as the risk increases. These range from non-binding self-regulatory impact assessments, along with the Code of Conduct, to the need for third party consent to be observed throughout the life cycle of the application.
European approach to AI excellence
This Proposal Aspires to contribute to the emergence of a more resilient and digitalized Europe, which will allow individuals and companies to reap the benefits of AI. Two main axes are specially highlighted: the superiority of artificial intelligence and the reliable AI. The law will ensure that any improvement is based on rules that protect the functioning of the market and the public sector, as well as the security and fundamental rights of all. In addition, the European Commission seeks to strengthen the region’s competitiveness in the region by promoting the development and adoption of AI. Indeed, the proposed approach is specifically aimed at creating a space in the EU where AI thrives, from the lab to the market, as well as AI works for the people and builds strategic leadership in the high impact sector.
However, in order to develop this strategy, the combination of asset optimization and investment is crucial. With this in mind, the European Commission has already invested 1.5 billion euros in AI research and innovation under the Horizon 2020 program. AI also occupies an important place in the new program-EU research and innovation framework. Through its Digital Europe and Horizon Europe program, which covers the period 2021-2027, it plans to invest 1 billion euros per year in AI. They are aimed at generating সর 20 billion annually from combined public and private funds.
Examples of AI innovation in EU member states
Ireland ranks at the top of various global artificial intelligence indices. It is recognized as an important center of activity and talent in data analysis and use. In 2020, the country ranks sixth in the EU’s Digital Economy and Society Index (DESI) and twelfth in the Global AI Index, reflecting its high level of digital competition. Ireland ranks second in the EU in terms of per capita investment spending on AI. In addition, specific programs such as SFI Research Center, SFI Industry Fellowship and SFI Strategic Partnership Programs have been established for research and development. To cultivate its AI ecosystem, the country hosts several start-ups active in the field. Some of the companies that have thrived there are Alien, Soapbox Labs and Nuritas. These start-ups are using AI for a variety of purposes, such as providing content analysis solutions for businesses, accurate speech recognition for young children, and mining data to design new add-ons for food and medicine.
Among other EU members, France is also trying Put in place An AI ecosystem. In 2018, President Emanuel Macron announced plans of 1.5 billion euros to develop his innovation center in the sector. The budget of the public fund should be invested in artificial intelligence for a period of five years (2018-2022). The strategy is therefore based on three main approaches: achieving the best level of research in its field, through training and attracting talent from around the world; Spreading AI in the economy and society through start-ups, public-private partnerships and data sharing; And establish an ethical framework. It also emphasizes AI ethics to ensure that algorithms are tested and working for the good of all. In his speech, the president said he hoped foreign governments would avoid “opaque privatization of AI or its potential authoritarian use.”
Thanks to the implementation of AI legislation at the European level, as well as the proposed funding opportunities, the EU seeks to become a global hub for the development and innovation of artificial intelligence. With a focus on AI excellence and trusted AI, the European approach aims to ensure regulatory improvement. These will protect the functioning of both the market and the public sector, but will also protect the security and fundamental rights of individuals.