With AI-related risks being inherently global in nature, the hope and anticipation is that there will be a suitably robust regulatory environment wherever the technology is deployed, Michael Connor, Executive Director at Open MIC, tells ESG Investor.
“Many companies have global activities, so we need to ensure that if they are applying a higher standard in Europe due to EU regulations, this should be the case wherever they operate to foster greater corporate accountability in the deployment and use of digital technologies,” he says.
Michael Connor, executive director at campaign group Open Mic, said it was dangerous for companies to be “paving the way” for the roll-out of facial recognition products without having thought it through. “AI experts say we’re not there yet,” he said, pointing to a study by MIT Media Lab researcher Joy Buolamwini, which found that two leading facial recognition programmes misidentified black women up to 35 per cent of the time.
