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  "documentTitle": "2021 Air Street Capital The State of AI Report 2021",
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      "text": "Although the AIA is a step in the right direction, many feel the EU is rushing a legislation on technical issues even the scientific community doesn't understand.",
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      "text": "Technical: The fairness, interpretability and robustness of AI algorithms are still open research questions. With the current knowledge, high-risk systems evaluation will be flawed.\nEconomic: The EU commission estimated that annual compliance costs represent 17% of value of a reference AI unit. Assuming only 10% of the AI units will be subject to the regulatory requirements, the EU commission projects that the total compliance costs for the global AI industry will range between €1.6B and €3.3B in 2025.\nLegal: The AIA's risk-based categorization might be too coarse. The Progressive Policy Institute proposes to differentiate B2B and B2C systems, so that AI systems operating on a B2B level are subject to lower regulatory requirements than consumer facing ones.",
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      "text": "Although the AIA is a step in the right direction, many feel the EU is rushing a legislation on technical issues even the scientific community doesn't understand. As a result, it is not clear whether the EU and member states have the means to enforce it, nor that all companies have the means to comply with the legislation.",
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