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Science and technology

Artificial intelligence: MEPs want the EU to be a global standard-setter

​On Tuesday 3 may 2022 the European Parliament adopted the final recommendations of its Special Committee on Artificial Intelligence in a Digital Age (AIDA).Parliament proposes an EU Roadmap to 2030Huge benefits of using AI to address climate change, pandemics and the labour marketMEPs warn about risks to fundamental rights, particularly privacy Background The AIDA Committee started work in September 2020. It was...

Bootsing trust in AI crucial for the financial sector

Developing and deploying trustworthy artificial intelligence (AI) in the financial sector is crucial. Governments, financial regulators and businesses must work together to accelerate the pace, according to a new OECD report The OECD Business and Finance Outlook 2021 says that investment in AI finance is on the rise. The financial and insurance sector has consistently been within the top 10 industries in terms of...