EU

• Netradyne , a global provider of artificial intelligence (AI) technology solutions for fleet and driver safety, today announced a strategic partnership with Roos Fleetservice GmbH , a leading provider of fleet management in Germany, to bring Netradyne’s flagship product, Driver•i, to Roos Fleetservice’s European clients.
• Roos Fleetservice is part of the Roos Vehicle Logistics GmbH, an established name offering a full suite of fleet management products.
• “We see immense potential in our partnership with Roos to elevate vehicle safety standards and optimise fleet management across Europe through innovative technology,” said Durgadutt Nedungadi, Sr.
• Together, we aim to set new standards in vehicle safety and fleet management throughout the EU.”
  View source version on businesswire.com: https://www.businesswire.com/news/home/20240916064567/en/

• The new wave of artificial intelligence – so-called AI – is bringing with it promises as well as threats.
• By making use of large, underutilised data, it can improve outcomes in services including retailing, health and education.

Most uses of AI are already regulated

• Separately, the government is consulting about mandatory guardrails for AI in high-risk settings, which would function as a sort of checklist for what developers should consider alongside a voluntary safety standard.
• Here’s my thinking: most of the potential uses of AI are already covered by existing rules and regulations designed to do things such as protect consumers, protect privacy and outlaw discrimination.

The best approach is to make existing rules work

• Their job ought to be to show where AI is covered by the existing rules, to evaluate the ways in which AI might fall foul of those rules, and to run test cases that make the applicability of the rules clear.
• It is an approach that will help build trust in AI, as consumers see they are already protected, as well as providing clarity for businesses.

Some rules will need to be tweaked

• In some situations, existing regulations will need to be amended or extended to ensure behaviours facilitated by AI are covered.
• Approval processes for vehicles, machinery and medical equipment are among those that will increasingly need to take account of AI.
• Where potential harm exists, it will need to be weighed against the potential benefits of the use.

Last mover advantage

• The European Union remains steadfast in its commitment to strengthen and defend democracy, both within and beyond our borders.
• Nearly half of the world's population across more than 70 countries will have had the opportunity to elect their representatives.
• This year, millions across the world are reaffirming their commitment to democracy, whether as candidates or voters, often in challenging circumstances.
• Upholding democracy is key to preserve and promote the dignity of every citizen, as well as fostering social justice, inclusive development, and peace.

• Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
• Professor Chris Twelves, Lead Investigator and Professor of Medicine, University of Leeds, commented:
  "The AVA6000 data presented at ESMO continue to demonstrate encouraging efficacy with several ongoing, durable responses.
• The observed efficacy aligns with a highly favorable safety profile including a lack of the significant cardiac toxicity that is often seen with doxorubicin treatment.
• I am looking forward to working with the Company, colleagues and patients on the continued development of AVA6000."