Contributing to a World Economic Forum report on “TradeTech,” Nigel Cory explains that the growing role of artificial intelligence (AI) in trade and the long-term implications of divergent regulatory frameworks will likely affect economic productivity and innovation.
An innovation-friendly framework would embrace the interdependence of AI and the need for early and ongoing international cooperation to ensure shared concerns are addressed, while guaranteeing that regulation does not become an unnecessary barrier to trade. Data Free Flow with Trust across countries and across firms will be equally important to thriving innovation and to making sure that AI works based on the largest data set possible to avoid biased results.
