As we explained in our previous blog, European policy makers are pondering whether to revise the 1985 Product Liability Directive to make it ‘future-proof’ and ensure it remains fit for purpose amidst the growth of new technologies. Both the European Commission and European Parliament have addressed the issue in various formats and within different frameworks, both as part of a broader revision of European product safety regulation and/or as part of a planned regulation on Artificial Intelligence – whose aim would be to address the legal challenges of new automated technologies.
The tech sector, as all other sectors of the economy, has been heavily impacted by the COVID-19 crisis, but not necessarily in a negative way. The pandemic could in fact represent an opportunity for five key tech sub-sectors to innovate their business models and show policy makers the potential of new technologies for good during (and beyond) global crises.
The European Union is working on a new regulatory framework for artificial intelligence that seeks to ensure better consumer protection, while enhancing Europe’s technological competitiveness. The risk is for it to become but a duplication of already-existing practices and regulations.