International agreement on AI safety: NRF comment on Bletchley Declaration

Artificial intelligence (AI) has the potential to fundamentally change business processes, and also have a significant impact on human well-being. However, its fast-paced development and continuous transformation are fuelling widespread concerns and forcing governments to create legislative standards and policies to ensure that AI is safely developed while urging companies to adopt a common framework. This was at the heart of the conversation at the AI Safety Summit at Bletchley Park in the U.K., where the Bletchley Declaration was officially signed, aiming to reinforce the design, development, deployment, and use of AI in a safe manner. Imran Ahmad, Head of Technology and Co-head of Information Governance, Privacy and Cybersecurity for NCCC member Norton Rose Fulbright, echoed the importance of the declaration: "It allows countries to have a framework for their respective jurisdictions, but, more importantly, allows businesses to have more certainty around what standards they should be trying to meet from a best practices standpoint."

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Artificial intelligence (AI) is transforming the way we work, and as businesses shift more and more of their operations to AI technologies, there are some legal implications that must be considered including regulatory compliance and ethical, commercial, intellectual property and data privacy related issues. Regulation of AI is on the horizon, with the EU playing a leading role, which will impose significant obligations impacting businesses across many, if not all, sectors of the economy. NRF's AI hub will keep you up to date with the legal implications of using AI in your organization to help you navigate the evolving legal landscape.