Tigran Sargsyan: The EAEU should take joint efforts to regulate artificial intelligence
Moscow, 20 October 2022. The Eurasian Economic Union’s (EAEU) countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – need to jointly and cooperatively regulate artificial intelligence. Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board and supervisor of the EDB Fund for Digital Initiatives, said this at the 7th Research-to-Practice Conference of Russian Analysts. The event took place at the Russian Academy of Sciences’ Institute of Scientific Information for Social Sciences (INION RAN).
“We still need to fully resolve the issue of data circulation – many government agencies still understand data as a passport or SNILS number, but data today is an endless digital footprint that an individual leaves daily. Without solving the challenge of regulation, we would be unable to create a single space of data economy and artificial intelligence,” said Tigran Sargsyan.
He also noted that artificial intelligence technology in Eurasia and Russia is concentrated in the public sector. “This is often seen as a disadvantage of the Russian economy, but in the context of national security and sovereignty it is rather a comparative advantage. However, if we want a technological leap forward, we need to scale technology from the public sector to the broader consumer market. Artificial intelligence is becoming a key end-to-end technology, the mastery and effective use of which requires highly skilled professionals,” Tigran Sargsyan stressed.
“Today, countries compete not just for minerals, but above all for human capital and the new knowledge produced by people. So, talking about artificial intelligence has led us to a discussion of the human factor, which is still dominant in our civilisation. The global expert community already suggests that human errors can only be multiplied, but not neutralised by artificial intelligence. Therefore, I would like to note that quality human resources and high professionalism in public administration and regulation remain fundamental for the successful development of states and their associations,” he concluded.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 16 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
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