With the increasing number of AI-powered applications, businesses and technology leaders must keep up with changing data privacy laws and regulations. Consumers, on the other hand, must be aware of how their data is being used, and businesses must ensure that AI algorithms are transparent and understandable.

The importance of ensuring consent and the legitimate use of data, as well as transparency and explainability in decision-making, is emphasized in the article. The authors emphasize the importance of designing, developing, and managing algorithms to avoid unintended and negative consequences. Fairness is a highly subjective concept that is influenced by societal values and beliefs. As a result, decisions about ensuring AI operates fairly should be made collaboratively.

According to the authors, the tech industry’s understanding of the implications of AI is maturing, and regulations governing AI models and algorithms are likely to emerge in the future. Advances in technology, such as Privacy Enhancing Technology, will ensure that future AI technology is designed to be compliant.

Overall, the article emphasizes the importance of collaboration among businesses, technology leaders, and consumers to ensure that AI is used ethically and transparently to protect data privacy.

Source: Tech Radar (link)
Images: MidJourney, Prompts by Lewis Farrell

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