Artificial Intelligence & Cybersecurity

But throughout the years, several governments have adapted to this new era we live and have adopted new laws and regulations that would allow us to have a safe experience navigating through the digital world. And this also includes technologies that use artificial intelligence!

As recent as last month, the European Union had proposed strict rules and regulations for artificial intelligence. This makes it a first-of-its-kind policy that outlines how companies and governments can use a technology seen as one of the most significant, but ethically fraught, scientific breakthroughs in recent memory.

These new regulations proposed by the EU would require companies providing artificial intelligence in sensitive decision-making areas to provide regulators with proof of its safety, including risk assessments and documentation explaining how the technology is making decisions.

If a company were to violate these new regulations, which would most likely take several years to move through the European Union policy making process, could be looking at fines of up to 6 percent of global sales!

But it is important to look at the bigger picture, because even though this proposal might seem like a hindrance for artificial intelligence technologies, it showcases the European Union’s willingness to adapt to the digital era’s needs and validating artificial intelligence by regulating the way it is used instead of completely disregarding it. And we know the EU values the benefits of artificial intelligence through ENISA’s report published on Dec 2020, that highlights the assets and threats of Artificial Intelligence (AI), and sets a baseline for securing the AI ecosystem across Europe.