- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2023-06-16T13:00:00
Concerns in Europe that privacy protection might not be an automatic right as artificial intelligence (AI) develops might not be unfounded, according to experts.
The European Union wants to bolster tech innovation within the single market as AI is predicted to catapult economic growth, but some legislators, legal experts, and privacy campaigners have expressed fears AI use—as well as definitions of “safe AI” in the planned AI Act—might conflict with the levels of automatic protection expected under the General Data Protection Regulation (GDPR).
Birgit Sippel, a member of European Parliament who sits on the Committee on Civil Liberties, Justice, and Home Affairs, accused the European Commission of trying to “shift” the focus of data protection in the AI Act from ensuring citizens’ data is automatically protected to providing people with the tools and information to check whether they still control their data.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
The proliferation of artificial intelligence technologies—and their reliance on publicly available data—has reinforced the need for tech developers and the companies using their solutions to ensure privacy by design and by default is at the crux of any offering.
The European Union’s landmark legal framework to regulate artificial intelligence received political agreement, moving one step closer to official adoption.
Companies need to be aware of the legal risks and liabilities associated with their use of AI-based technologies, as technology firms are not the only ones in regulators’ sights, a panel of experts discussed at Compliance Week’s Europe conference in London.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
