Artificial intelligence is quickly transforming businesses, the global economy and, by extension, society. It holds promise for innovation in new products and services, creating a new wealth of benefits and possibilities. "Unfortunately, it is becoming increasingly clear that the European Union’s data-processing regulations will limit the potential of AI in Europe," write Information Technology and Innovation Foundation Vice President Daniel Castro and Center for Data Innovation Senior Policy Analyst Eline Chivot in this post for Privacy Perspectives. "Data provides the building blocks for AI, and with serious restrictions on how they use it, European businesses will not be able to use the technology to its full potential." To address this, they argue, "Unless the EU reforms the GDPR, Europe will fall behind others, such as the United States and China, in the development and use of AI."
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