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Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

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1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

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In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

Artificial Intelligence: The EU Releases Guidelines for Ethical AI

AI EU Angels Den Guidlines

Why is AI important?

Artificial intelligence can significantly improve people’s lives and bring major benefits to our society and economy through better healthcare, more efficient public administration, safer transport, a more competitive industry and sustainable farming.


What is the role of AI in the European startup landscape?

As revealed in MMC’s report on the state of AI in 2019, Europe is home to 1,600 Artificial Intelligence startups. AI entrepreneurship is becoming mainstream, as one in 12 new startups put AI at the heart of their value proposition. In the context of transforming healthcare, broadening access to goods and services, and increasing industrial and agricultural productivity, advances in AI technology are creating new possibilities.


EU AI Guidlines Angels Den

Source: https://ec.europa.eu/digital-single-market/en/news/factsheet-artificial-intelligence-europe


Why did the EU release ethics guidelines for future AI development?

According to the European Commission’s AI GuidelinesAI systems need to be human-centric, resting on a commitment to their use in the service of humanity and the common good, with the goal of improving human welfare and freedom. While offering great opportunities, AI systems also give rise to certain risks that must be handled appropriately and proportionately. We now have an important window of opportunity to shape their development.

In a context of rapid technological change, it is essential that trust remains the bedrock of societies, communities, economies and sustainable development. Therefore, The European Commission identifies Trustworthy AI as a foundational ambition, since human beings and communities will only be able to have confidence in the technology’s development and its applications when a clear and comprehensive framework for achieving its trustworthiness is in place.

"The ethical dimension of AI is not a luxury feature or an add-on," said Andrus Ansip, EU vice-president for the digital single market, in a press release Monday. "It is only with trust that our society can fully benefit from technologies."


What are the key requirements for ethical AI?

According to the European Commission’s AI GuidelinesTrustworthy AI has three components, which should be met throughout the system's entire life cycle:


1. it should be lawful, complying with all applicable laws and regulations;

2. it should be ethical, ensuring adherence to ethical principles and values; and

3. it should be robust, both from a technical and social perspective, since, even with good intentions, AI systems can cause unintentional harm.

The Guidelines’ structure is illustrated below:


EU AI Guidlines Angels Den

Source: https://ec.europa.eu/digital-single-market/en/news/ethics-guidelines-trustworthy-ai


Next steps

In summer 2019, the Commission will launch a pilot phase involving a wide range of stakeholders. Following the pilot phase, in early 2020, the AI expert group will review the assessment lists for the key requirements, building on the feedback received. Building on this review, the Commission will evaluate the outcome and propose any next steps. You can find a more detailed timeline below:


EU AI Guidlines Angels Den

Source: https://ec.europa.eu/digital-single-market/en/news/factsheet-artificial-intelligence-europe