The European Commission recently announced that Croatia has become the last Member State to sign the Declaration of Cooperation on Artificial Intelligence. As discussed in our recent blog, the Declaration commits all Member States to cooperate on an EU wide AI strategy.

The EC’s strategy is part of a wider programme to develop digital skills and to invest heavily in research and innovation. Part of that strategy will involve coordinating funding across Europe to create synergies. The EC has recognized that AI is an area where you must invest to see results and has proposed a budget of €2.5 billion to assist with the adoption of AI across Europe.

This commitment highlights widespread recognition of the important role that AI will play for all companies in the coming years. AI has the potential to give a competitive advantage to those companies that adopt it and to transform many industries, including in the products space.

We’ll be keeping a close eye on the strategy’s progress so check back for updates.

 

Posted by Jamie Humphreys

Jamie Humphreys is a litigation and regulatory lawyer. He is a strategic advisor to clients who face critical threats to their business at all stages of the product life-cycle, working with them to ensure the most favourable outcome and manage any reputational impact. He also provides policy advice to clients on proposed legislation and regulations that may introduce profound changes to their business. He has acted on high profile litigation across a range of different industries, internal investigations into allegations of fraud by global products manufacturers, major corruption investigations for Governments, and B2B product liability disputes, international recalls and consumer claims for well-known global brands. He is passionate about the impact that new technologies such as 3D printing, AI and Internet of Things will have in the products space and works with clients to ensure they prosper within a dynamic regulatory environment.

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