Kazakhstan invests in human capital to avoid brain drain

AI has become a key enabling technology in public services and its use has increased over the past two years.Ensuring explainabilty of AI systems in public services is crucial but difficult to achieve in case of black-box algorithms. In AI applications in public services, focus is on law enforcement, surveillance and process optimisation. AI for front-end public services seems less of a priority. There is a growing public concern over the development and use of AI in society. With the increase of its use, the potential for errors and harms also increases.The public sector should lead the way in creating trustworthy AI. Regulatory sandboxing and pre-procurement are key for creating trustworthy AI for public services.

Source : © European Union, 2021 – EP

Youth celebrating further relaxation of measures partied hard in the centre of the Hungarian capital on Saturday as nightlife returned to the city after the country hit 4 million vaccinated last week. Young people failed to keep social distancing rules…

Former European Commission Vice President Günther Oettinger called on Monday (10 May) for elevating the EU-Kazakhstan relations to “a new level”, inviting the European business to invest more in added-value products manufactured in the Central Asian country.

Initial coin offerings (ICOs) are a relatively new method of raising capital for early-stage ventures. They allow businesses to raise capital for their projects, by issuing digital tokens in exchange for crypto assets or fiat currencies. They constitute an alternative to more traditional sources of start-up funding such as venture capital (VC) and angel finance. ICOs can potentially offer advantages in comparison with traditional ways of raising capital. At the same time, their opacity and the general tendency for issuers to exploit regulatory loopholes can carry significant risk for investors, may make ICOs vulnerable to money laundering and terrorist financing, and could even create financial stability concerns. ICOs have been met with a wide range of initial regulatory responses: from an outright ban in the case of China and South Korea, to more supportive approaches in other jurisdictions, with Singapore in Asia and Switzerland in Europe leading the way. As for the European Union (EU) and the United States, the relevant regulatory agencies initially published warning notices, reinforced by statements that securities laws could apply and registration be necessary. The EU went a step further and is currently seeking to partially regulate ICOs, with a proposal for a regulation on markets in crypto-assets (MiCA regulation). Meanwhile, some Member States are currently implementing regulatory sandboxes, to provide an impetus for innovation without imposing the immediate burden of regulation.

Source : © European Union, 2021 – EP