Support for innovation in artificial intelligence should be coupled with funding for research into its societal impact, the European Economic and Social Committee has said.
The European Commission should fund research into the impact of artificial intelligence on human lives to help mitigate any downsides of the technology, the EESC said in an opinion paper published last week. The funding should have “an important place” under the Societal Challenges pillar of the Framework programme, the committee said.
Artificial intelligence is being rapidly adopted by society, with a market value of about $664 million (about €590m) at present that is expected to grow to $38.8 billion by 2025, the EESC said. But it also carries risks, including for jobs, safety, privacy and equality. The EESC therefore called on the EU to take a global lead in establishing relevant policy frameworks in line with European values, balancing support for innovation with social responsibilities.
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