The Deputy Minister of Research, Innovation and Digital Policy, Mr. Philippos Hadjizacharias signed on behalf of the Republic of Cyprus, the Joint Declaration on Artificial Intelligence, during the MED9 Ministerial Meeting on the Digital Economy held on September 20, 2023, in Malta. According to the Declaration, MED9 (an alliance of nine Mediterranean and Southern European Union Member States) recognizes the transformative potential of artificial intelligence (AI) in shaping the digital future.
During the Ministerial Meeting, Mr. Hadjizacharias highlighted the importance of taking advantage of digital technologies and optimizing innovation capacity, in the interest of supporting sustainable growth. He mentioned that advanced digital technologies have already created significant benefits, notably in the form of increased efficiency, accuracy, timeliness, and convenience in a wide range of public services.
The Deputy Minister stressed that Cyprus is determined to achieve a green and digital transformation, accelerating the implementation of advanced technologies such as 5G, fiber optics, high-performance computing, and blockchain technology. He made special reference to AI, outlining Cyprus’ national strategy that includes implementing AI solutions in the public sector, in education and in crisis management, whilst drawing the attention of the delegates to the significant challenges entailed in the fields of human rights, democracy and the rule of law.
It is reminded that in 2020, the Government of Cyprus approved a national AI strategy based on four main pillars: i) maximizing investments through partnerships, ii) creation of national data spaces, iii) promotion of talents and lifelong learning, and iv) development of an ethical and reliable AI.
At the same time, the proposed EU’s AI Regulation is at the final stages before adoption and is expected to become the world’s first comprehensive legal framework for ΑΙ.
Our firm invests heavily in innovation and was amongst the first law firms to lead the completion of a tender for the provision of technology and legal consulting services on the adoption of emerging technologies in the public sector.
Our Alternative Products service offering includes the provision of legal advisory services to innovative Research & Technology enterprises as well as their EU funded consortia. The developments on the AI regulatory and ethics compliance in these sectors are expected to heavily influence the workings and procedures of such consortia.
As a firm, we are regularly appointed to undertake the legal, regulatory and ethics management of local, national and EU Horizon 2020 funded projects and provide advice on the AI and ethics frameworks that may be applicable.
We look forward to the developments in this sphere and remain available to assist our clients in their engagement with innovative and emerging technologies, whilst in compliance with the applicable legal frameworks.
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