AI as a digital asset Ethics Guidelines for Trustworthy AI

Latest Developments

High-Level Expert Group on AI appointed by the European Commission: (1) issued Ethics Guidelines for Trustworthy AI and (2) established an Assessment List for Trustworthy AI for actors to self-assess whether they comply with the requirements identified in the Ethics Guidelines

Summary

The Ethics Guidelines identify 7 key requirements that AI systems should satisfy in order to be trustworthy:

1. human agency and oversight
2. technical robustness and safety
3. privacy and data governance
4. transparency
5. diversity, non-discrimination and fairness
6. societal and environmental well-being
7. accountability

How could it be relevant for you?

Whilst there are currently no regulatory requirements specific to AI, there are major plans to develop such requirements which will ultimately affect all businesses utilising AI systems.

Next steps

The Guidelines provided input for the European Commission’s White Paper on AI and will also inform discussions on the proposal for an AI Regulatory Package which was launched on 21 April 2021.