Written by
Holistic AI
AI Ethics,Governance
May 18th, 2021
EU Proposed AI Legal Framework
Screenshot of the pre-print on SSRN

Abstract. The publication of the EU’s draft AI legal framework is a milestone in the regulatory debate on AI. It proposes a risk based approach to regulating and reporting. In this white paper, we provide a high-level overview of the risk tiers, which we take to be the kernel of the legislation, and follow this by offering our initial thoughts and feedback on strategic points of contention in the legislation. Our main takeaways are: (i) Innovation - the sandbox approach may not be enough to ensure innovation; (ii) Reporting - in the lead up to codification we would like to see reporting being used to accelerate dissemination of best practice and benchmarking; (iii) Green-flagging - there does not appear to be sufficient detail to derive a reasonable set of green-flagging conditions; and, (iv) Manipulation - addressing the ambiguity in the draft proposal of banning systems with ‘significant manipulation’. We conclude with notes on the legal status of algorithms, the status of GDPR in light of AI regulation and, the geopolitical ramifications of EU AI regulation.

Link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3846898

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