Insights Report

World Technology Congress 4th Fall Session Highlights

Lord Mayor Michael Mainelli has highlighted the importance of firmware certification and the purpose of the Ethical AI Initiative, which is based on the theme 'Connect to Prosper' and is for the benefit of the financial sector.
Lord Chris Holmes announced his commitment to reintroducing the AI Bill with an updated version.
Jonathan Berry, Viscount Camrose, former AI minister, discussed the numerous copyright and patent issues caused by AI and proposed new ideas to address them.
A report on the misuse of user’s personal data by auto OEMs has been highlighted.
Doha Bank’s deputy CEO discusses the role of AI in the banking industry and shares the AI strategy at Doha Bank while reaffirming its commitment to the UK market.
The power of GenAI is opening up the asset management industry to new possibilities, says Qapi.
Saudi-based VC firms committed to exploring AI-related initiatives in collaborative innovation projects.

AI has the potential to affect society and individuals materially in both positive and negative ways. Rapid development of AI technology means that ethical considerations must be taken into account from the beginning of the design process

As AI becomes more advanced and widespread, there are growing concerns about issues such as bias, transparency, accountability, and safety. If people do not believe that AI is being developed and used in a responsible and ethical manner, they hesitate to use or interact with beneficial technologies. In combination, 42001 certification and a reasonable number of trained professionals, a firm should be able to be categorised as ‘low risk’, particularly under the EU’s AI Law.