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A two-day meeting of “councils of the future” ended in Dubai. The work of 38 councils was devoted to the implementation of individual technologies (artificial intelligence, 5G networks, biotechnology, etc.), key blocks and regulatory issues (in investment and trade, energy, urbanization, infrastructure, geopolitics) or individual countries and regions (including China, Europe, the EU, the Korean Peninsula).
The growing role of companies with large amounts of data was of particular concern to experts.
Analysis of consumer behavior allows building strategies that are addictive and allow manipulation. For example, technology already allows for non-obvious parameters (for example, how a person moves the mouse) to predict long-term user behavior. However, unlike doctors or lawyers who are obliged to act in the interests of patients and clients, technology companies so far only require consent to the disclosure of data. A code that establishes the priority of user interests can increase their responsibility, but the question of liability for violation of such norms is open. At the same time, the development of individual technologies requires not regional, but global regulation, since companies often do not have a national tie.
In order to keep pace with changes in the markets, regulators should work more actively with the main players and generally switch to more flexible models for introducing new rules (soft law). Otherwise the laws will fix outdated rules and prevent new developments. The leaders of such regulation are now considered Japan, Canada, Singapore, as well as the United Kingdom: in particular, there is an experiment on the provision of legal services using algorithms based on artificial intelligence (AI).
source: weforum.org
The growing role of companies with large amounts of data was of particular concern to experts.
Analysis of consumer behavior allows building strategies that are addictive and allow manipulation. For example, technology already allows for non-obvious parameters (for example, how a person moves the mouse) to predict long-term user behavior. However, unlike doctors or lawyers who are obliged to act in the interests of patients and clients, technology companies so far only require consent to the disclosure of data. A code that establishes the priority of user interests can increase their responsibility, but the question of liability for violation of such norms is open. At the same time, the development of individual technologies requires not regional, but global regulation, since companies often do not have a national tie.
In order to keep pace with changes in the markets, regulators should work more actively with the main players and generally switch to more flexible models for introducing new rules (soft law). Otherwise the laws will fix outdated rules and prevent new developments. The leaders of such regulation are now considered Japan, Canada, Singapore, as well as the United Kingdom: in particular, there is an experiment on the provision of legal services using algorithms based on artificial intelligence (AI).
source: weforum.org