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This paper evaluates the efficacy of current EU ethical guidelines for commercial AI—specifically the “European framework on ethical aspects of artificial intelligence, robotics and related technologies”, and provides a regulatory recommendation where there are gaps. We delve into 3 use-cases in the financial services space to highlight the spectrum of ethical risks that arise from each implementation.
Survey of EU Ethical Guidelines for Commercial AI: Case Studies in Financial Services
MONTREAL AI ETHICS INSTITUTE: Survey of EU Ethical Guidelines for Commercial AI: Case Studies in Financial Services