04/21/2021 | Press release | Distributed by Public on 04/22/2021 14:40
The Wall Street Journal, April 21, 2021
By Angus Loten
Some corporate technology leaders say a proposed clampdown by European regulators on the use of artificial intelligence will run up costs and stifle innovation, just as companies are starting to unlock its potential.
Others say stronger oversight will help build public trust in AI systems, which have inflamed tensions over data privacy, consumer protection and misuse-especially in areas like facial recognition.
'Our experience is that anytime there is certainty around the rules of the road for these sorts of technologies, then it's easier to do business,' said Christian Troncoso, senior director of policy at the BSA Software Alliance, a Washington, DC-based trade group whose members include International Business Machines Corp., Microsoft Corp., Oracle Corp. and other software companies.