AI offers "immense opportunities" for humanity and society but also poses significant risks to fundamental rights, privacy authorities from Korea, France, the U.K., Australia and Ireland said in a joint statement at this week's AI Action Summit in Paris. They committed to finding a shared understanding of lawful grounds for processing data for AI training in their respective jurisdictions, and to arriving at a mutual understanding of proportionate safety measures "based on rigorous scientific and evidence-based assessments" tailored to a range of use cases.
“Data autarky,” a scenario where all economies fully restrict data flows, would prompt gross domestic product (GDP) losses of 4.5%, the Organisation for Economic Co-operation and Development said in a report Monday. Exports would decline 8.5%, added the OECD.
Canada and Japan signed the Council of Europe (CoE) framework convention on artificial intelligence and human rights, democracy and the rule of law, the CoE announced Tuesday. They join 11 other signatories: Andorra, Georgia, Iceland, Montenegro, Norway, the Republic of Moldova, San Marino, the U.K., Israel, the U.S. and the EU. The convention provides a legal framework covering the entire lifecycle of AI products, which aims to foster innovation while managing the risks AI may pose to fundamental rights, said the CoE, a 46-nation human rights organization.
Personal data transfer policies and regulatory developments risk chipping away at some elements that have made international data flows part of everyday reality, Hogan Lovells privacy lawyer Eduardo Ustaran posted.