The Future of Artificial Intelligence in Life Sciences

Form Trust With Responsible AI

  • Workforce displacement
  • Loss of privacy
  • Potential biases in decision-making
  • Lack of control over automated systems and robots2

The Path to Enforcing Responsible AI

  • January 12 — The U.S. Food and Drug Administration (FDA) published their first “Artificial Intelligence/Machine Learning (AI/ML)-Based Software as a Medical Device (SaMD) Action Plan.” 6
  • March 31 — As reported by Harvard Business Review (HBR), the “five largest federal financial regulators in the United States released a request for information on how banks use AI, signaling new guidance is coming for the financial sector.” 7
  • April 19 — The U.S. Federal Trade Commission (FTC) released what the HBR article described as “an uncharacteristically bold set of guidelines on truth, fairness, and equity in AI.”
  • April 21 — The European Commission issued a proposal for AI regulations.

Conclusion

  1. International evaluation of an AI system for breast cancer screening, S.M. McKinney, M. Sieniek, et al., Nature, January 1, 2020
  2. Responsible AI: A Framework for Building Trust in Your AI Solution, Dominic Delmolino and Mimi Whitehouse, Accenture 2018.
  3. Supra note 2.
  4. PwC’s Responsible AI, PwC.
  5. The Responsible Machine Learning Principles, The Institute for Ethical AI & Machine Learning.
  6. FDA Releases Artificial Intelligence/Machine Learning Action Plan, The U.S. Food and Drug Administration, January 12, 2021.
  7. New AI Regulations Are Coming. Is Your Organization Ready?, Andrew Burt, Harvard Business Review, April 30, 2021.
  8. Europe fit for the Digital Age: Commission proposes new rules and actions for excellence and trust in Artificial Intelligence, European Commission, April 21, 2021.
  9. Machines learn that Brussels writes the rules: The EU’s new AI regulation, Mark MacCarthy and Kenneth Propp, Brookings, May 4, 2021.
  10. The United States welcomes the EU’s new initiatives…, Jake Sullivan, Twitter, April 21, 2021.
  11. What is GDPR? The summary guide to GDPR compliance in the UK, Matt Burgess, Wired, March 24, 2020.
  12. Request for Comments on a Draft Memorandum to the Heads of Executive Departments and Agencies, “Guidance for Regulation of Artificial Intelligence Applications, Federal Register, January 13, 2020

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