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European framework on ethical aspects of artificial intelligence, robotics and related technologies
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European framework on ethical aspects of artificial intelligence, robotics and related technologies

European added value assessment

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The EU can become a global standard-setter in the area of artificial intelligence (AI) ethics. Common EU legislative action on ethical aspects of AI could boost the internal market and establish an important strategic advantage. While numerous public and private actors around the globe have produced ethical guidelines in this field, there is currently no comprehensive legal framework. The EU can profit from the absence of a competing global governance model and gain full 'first mover' advantages. Building on the EU's economic and regulatory powers, common EU legislative action has great potential to provide European industry with a competitive edge. Furthermore, EU action can facilitate the adoption of EU standards globally and ensure that the development, uptake and diffusion of AI is based on the values, principles and rights protected in the EU. Those benefits cannot be achieved by actions of individual Member States. Thus, the success and benefits of EU action are contingent on the ability of the EU to take timely, common legislative action and to back this action up with strong democratic oversight, accountability and enforcement. The analyses of this European added value assessment suggest that a common EU framework on ethics has the potential to bring the European Union €294.9 billion in additional GDP and 4.6 million additional jobs by 2030.
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