The Commission presents today next steps for building trust in artificial intelligence by taking forward the work of the High-Level Expert Group.
Building on the work of the group of independent experts appointed in June 2018, the Commission is today launching a pilot phase to ensure that the ethical guidelines for Artificial Intelligence (AI) development and use can be implemented in practice. The Commission invites industry, research institutes and public authorities to test the detailed assessment list drafted by the High-Level Expert Group, which complements the guidelines.
Today’s plans are a deliverable under the AI strategy of April 2018, which aims at increasing public and private investments to at least €20 billion annually over the next decade, making more data available, fostering talent and ensuring trust.
Vice-President for the Digital Single Market Andrus Ansip said: “I welcome the work undertaken by our independent experts. The ethical dimension of AI is not a luxury feature or an add-on. It is only with trust that our society can fully benefit from technologies. Ethical AI is a win-win proposition that can become a competitive advantage for Europe: being a leader of human-centric AI that people can trust.”
Commissioner for Digital Economy and Society Mariya Gabriel added: “Today, we are taking an important step towards ethical and secure AI in the EU. We now have a solid foundation based on EU values and following an extensive and constructive engagement from many stakeholders including businesses, academia and civil society. We will now put these requirements to practice and at the same time foster an international discussion on human-centric AI.“
Artificial Intelligence (AI) can benefit a wide-range of sectors, such as healthcare, energy consumption, cars safety, farming, climate change and financial risk management. AI can also help to detect fraud and cybersecurity threats, and enables law enforcement authorities to fight crime more efficiently. However, AI also brings new challenges for the future of work, and raises legal and ethical questions.
The Commission is taking a three-step approach: setting-out the key requirements for trustworthy AI, launching a large scale pilot phase for feedback from stakeholders, and working on international consensus building for human-centric AI.
1.Seven essentials for achieving trustworthy AI
Trustworthy AI should respect all applicable laws and regulations, as well as a series of requirements; specific assessment lists aim to help verify the application of each of the key requirements:
- Human agency and oversight: AI systems should enable equitable societies by supporting human agency and fundamental rights, and not decrease, limit or misguide human autonomy.
- Robustness and safety: Trustworthy AI requires algorithms to be secure, reliable and robust enough to deal with errors or inconsistencies during all life cycle phases of AI systems.
- Privacy and data governance: Citizens should have full control over their own data, while data concerning them will not be used to harm or discriminate against them.
- Transparency: The traceability of AI systems should be ensured.
- Diversity, non-discrimination and fairness: AI systems should consider the whole range of human abilities, skills and requirements, and ensure accessibility.
- Societal and environmental well-being: AI systems should be used to enhance positive social change and enhance sustainability and ecological responsibility.
- Accountability: Mechanisms should be put in place to ensure responsibility and accountability for AI systems and their outcomes.
2. Large-scale pilot with partners
In summer 2019, the Commission will launch a pilot phase involving a wide range of stakeholders. Already today, companies, public administrations and organisations can sign up to the European AI Alliance and receive a notification when the pilot starts. In addition, members of the AI high-level expert group will help present and explain the guidelines to relevant stakeholders in Member States.
3. Building international consensus for human-centric AI
The Commission wants to bring this approach to AI ethics to the global stage because technologies, data and algorithms know no borders. To this end, the Commission will strengthen cooperation with like-minded partners such as Japan, Canada or Singapore and continue to play an active role in international discussions and initiatives including the G7 and G20. The pilot phase will also involve companies from other countries and international organisations.
Members of the AI expert group will present their work in detail during the third Digital Day in Brussels on 9 April. Following the pilot phase, in early 2020, the AI expert group will review the assessment lists for the key requirements, building on the feedback received. Building on this review, the Commission will evaluate the outcome and propose any next steps.
Furthermore, to ensure the ethical development of AI, the Commission will by the autumn 2019: launch a set of networks of AI research excellence centres; begin setting up networks of digital innovation hubs; and together with Member States and stakeholders, start discussions to develop and implement a model for data sharing and making best use of common data spaces.
Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan
SAO PAULO, Dec. 4, 2023 /PRNewswire/ — Banco Safra today filed suit to prevent Americanas (the “Company”) and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.
Americanas and its controlling shareholders, Lemann, Telles and Sicupira, have proposed a recovery plan that seeks to prevent creditors from continuing to investigate the true causes of the fraud perpetrated at the Company. Banco Safra believes this clause is an illegal effort by the Company and its controlling shareholders to avoid accountability for the fraud and are challenging the legality of the recovery plan.
In January 2023, Americanas named Sérgio Rial as Chief Executive Officer. Rial was new to Americanas. Less than 10 days into his new role, he uncovered what he and others believed to be a massive fraud multiple times larger than the company’s net equity, resulting in the company filing for insolvency protection. Lemann, Telles and Sicupira claim that they, like the Company’s creditors, are victims of the fraud and have asserted that they were not aware of any wrongdoing at the company. They have made this claim even though they and their children sat on the Board of Directors of Americanas and have been overseeing the company and working with the executives who allegedly perpetrated the fraud for over 20 years.
To substantiate this assertion, the Board of Directors of Americanas handpicked an “Independent Committee” to investigate the alleged fraud. This Committee reports to the very same Board that oversaw the Company when the fraud was committed and has the contradictory mandate of investigating the same individuals who appointed it. This is a blatant conflict of interest and incongruent with basic corporate governance standards.
The Company and the controlling shareholders have now presented a new recovery plan that would result in creditors being repaid a fraction of what they are contractually owed on a commitment not to litigate or investigate against the controlling shareholders and their families and other directors of Americanas.
The controlling shareholders have the financial resources to fully repay creditors for all funds lost. Instead, as part of the recovery plan, they have proposed a capital injection that amounts to less than one third of the total value of the fraud and an insignificant amount in relation to their assets. In a coercive attempt to avoid fulfilling their obligations, creditors must agree to end the investigations into the fraud to benefit from this capital injection.
This illegal clause is just one of multiple deficiencies Banco Safra believes should nullify the entire Americanas recovery plan as set forth in the suit we filed today.
Robert Siegfried / Ross Lovern
View original content:https://www.prnewswire.co.uk/news-releases/banco-safra-files-lawsuit-to-prevent-americanas-and-its-controlling-shareholders-from-moving-forward-with-deficient-restructuring-plan-302005020.html
Collagen Gummy Sales Propelled by Convenience, Taste, and Health Benefits to Reach US$378 Million by 2033 | Future Market Insights, Inc.
NEWARK, Del., Dec. 4, 2023 /PRNewswire/ — A study by FMI attributes the flourishing global collagen gummy market to rising consumer awareness of the convenience, palatability, and health benefits of collagen gummies. Key players are actively engaging in mergers and collaborations to develop innovative products and maintain their market dominance, ensuring a dynamic and competitive landscape.
Explore further to gain comprehensive insights into the global collagen gummy market.
The global collagen gummy market value is projected to reach US$ 247 million in 2023 and US$ 378 million by 2033. Over the forecast period, global demand for collagen gummies is anticipated to surge at 4.3% CAGR.
Get an Exclusive Sample Copy of the Collagen Gummies Market, 2023-2033: https://www.futuremarketinsights.com/reports/sample/REP-GB-18539
Several factors are expected to stimulate the growth of the collagen gummy market during the forecast period. These include growing awareness about the convenience, palatability, and health benefits of collagen gummies, rising health awareness, and easy availability through online platforms.
People worldwide are becoming aware about the health and cosmetic advantages of collagen supplement intake. As a result, demand for collagen gummies is rising significantly, and the trend is expected to continue through 2033.
Collagen gummies are believed to positively impact skin health, hair growth, joint health, and wound healing. This prompts people to consume these health supplements, bolstering their sales.
Rising health and wellness trends and interest in nutricosmetics will further boost the global collagen gummy industry. Similarly, new product launches and expanding e-commerce are expected to create growth prospects for collagen gummy companies.
Key companies are focusing on using celebrity endorsements to reach a wider audience and boost their sales. This will bode well for the target market.
Key Takeaways from the Global Collagen Gummy Market Study Report
- The global collagen gummy market is set to total US$ 378 million in 2033.
- By flavor type, the berry segment is projected to hold a value share of 34% in 2023.
- Based on functionality, promoting skin health segment will likely account for about 25% of market share in 2023.
Understand global, regional, and country-level parameters with growth opportunities, historical data (2018-2022), and forecasts (2023-2033). Buy this report today!
- Demand for collagen gummies in India is anticipated to rise at a CAGR of 6.2%.
- The United States holds around 30.8% of the global market share.
- Sales of collagen gummies in the United Kingdom are predicted to increase at 5.6% CAGR through 2033.
- China is poised to exhibit a CAGR of 6.1% from 2023 to 2033.
“The global market for collagen gummies is expected to witness steady growth amid rising awareness about the benefits of collagen. Widespread advertising of processed collagen supplements by the manufacturers can be instrumental in boosting the popularity of collagen gummies in the low-income group countries,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
The global collagen gummy market is highly consolidated, with most of suppliers concentrated in North America and Europe. However, the unavailability of sufficient sources of collagen in these regions is gradually shifting the business to Asian and African countries. This, in turn, has encouraged several regional collagen processing industries to enter the collagen gummy sector, which could diversify the market gradually.
Key players are adopting a wide variety of strategies to boost their sales and expand their global footprint. These include new product launches, mergers, celebrity endorsements, acquisitions, partnerships, and collaborations.
Recent Developments in the Collagen Gummy Industry:
- In June 2020, Novomins Nutrition Inc. introduced its new product line of collagen gummies for its consumers. The company claims that the gummies contain hyaluronic acid, biotin, and vitamin C and are devoid of gluten and GMOs, artificial coloring, or sweeteners.
- In November 2020, a new startup was established as the first cell-based collagen and Gelatin Company named Jellatech. The company was founded by Stephanie Michelsen and Kylie van Deinsen-Hesp, who claim to make gelatin and collagen using cellular agriculture and without animal products.
Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global collagen gummy market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the collagen gummy industry based on flavor type, source, functionality, and sales channel across several regions.
About the Food and Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the food and beverages team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food and beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s Extensive Coverage in the Food and Beverages Domain:
- Sugar-Free Sweets Market to Reach US$3.9 Billion by 2033, Driven by Health Consciousness and Rising Demand for Alternative Sweeteners. – Get a Sample Report Copy.
- Driven by growing demand for health and wellness products, the collagen peptide market is projected to reach US$1.23 billion by 2033. – Get a Sample Report Copy.
- Global collagen supplement market is projected to expand at a compound annual growth rate (CAGR) of 6.4% reaching a valuation of US$ 2.8 billion by 2032. – Get a Sample Report Copy.
- The sugar-free gummy market is projected to reach a valuation of US$1,040 million by 2033, expanding at a CAGR of 5.2% from an estimated US$627 million in 2023. – Get a Sample Report Copy.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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View original content:https://www.prnewswire.co.uk/news-releases/collagen-gummy-sales-propelled-by-convenience-taste-and-health-benefits-to-reach-us378-million-by-2033–future-market-insights-inc-302004718.html
Accounting Services Market to Reach $ 1.5 Trillion, Globally, by 2032 at 9.2% CAGR: Allied Market Research
Surge in trend of error-free & less time-consuming transactions, increase in environmental, social, and governance (ESG) reporting, and growth in awareness regarding outsourcing financial and accounting operations contribute towards the growth of the market.
PORTLAND, Ore., Dec. 4, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Accounting Services Market by Type (Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing, and Others), and End User (Finance Sector, Manufacturing and Industrial Sector, Retail Sector, Public Sector, IT and Telecom Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032″. According to the report, the global accounting services industry generated $628.41 billion in 2022, and is anticipated to generate $ 1.5 trillion by 2032, witnessing a CAGR of 9.2% from 2023 to 2032.
Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/13298
(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)
- 127 – Tables
- 48 – Charts
- 260 – Pages
Prime determinants of growth
Increased collaboration of small & medium enterprises with e-commerce players and surge in trend of error-free & less time-consuming transactions between companies are becoming the major factors driving the growth of the market. However, high operating costs are expected to hamper the market growth. Contrarily, rise in the adoption of Internet-of-Things and block chain-based accounting service platforms can be seen as an opportunity for the market growth in the coming years.
Report coverage & details:
Market Size in 2022
Market Size in 2032
$ 1.5 Trillion
No. of Pages in Report
Type, End User, and Region.
Surge in trend of error-free & less time-consuming transactions
Increases in environmental, social, and governance (ESG) reporting
Growth in awareness regarding outsourcing financial and accounting operations
Rise in adoption of IoT and block chain-based accounting service platforms
Increased collaboration of SMEs with e-commerce players
Regulatory challenges, and accounting scandals
Procure Complete Report (341 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3NdIkzj
The financial auditing segment to maintain its leadership status throughout the forecast period
Based on type, the financial auditing segment held the highest market share in 2022, accounting for nearly two-fifths of the global accounting services market revenue, owing to the fact that auditing firms are incorporating data analytics and technology tools to enhance audit processes, improve efficiency, and identify anomalies in large data sets. However, the bookkeeping segment is projected to attain the highest CAGR of 13.5% from 2023 to 2032. This is attributed to the fact that bookkeeping services are investing in robust security measures to protect sensitive financial information and comply with data protection regulations, with the increase in importance of data security and privacy.
The finance sector segment to maintain its leadership status throughout the forecast period
Based on end user, the finance sector segment held the highest market share in 2022, accounting for more than one-fourth of the global accounting services market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is owing to the fact that financial institutions are increasingly adopting digital technologies for their operations, requiring accounting services to adapt to digital financial reporting, data analytics, and cybersecurity measures. However, the public sector segment is projected to attain the highest CAGR of 13.6% from 2023 to 2032. This is due to the fact that accounting services help government agencies maintain accountability by providing clear financial statements and reports. This transparency is essential for building trust among citizens and stakeholders.
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North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global accounting services revenue, owing to the fact that many accounting firms in North America are focusing on industry-specific expertise. They are tailoring their services to cater to the unique needs of clients. However, the Asia-Pacific region is expected to witness the fastest CAGR of 12.9% from 2023 to 2032, and is likely to dominate the market during the forecast period. This is attributed to the fact that accounting firms in the Asia-Pacific region are offering data security and privacy compliance services to ensure businesses adhere to regulations and protect sensitive financial information.
Leading Market Players: –
- Ernst & Young Global Limited (EY)
- ADP, INC.
- KPMG International Limited
- Plante & Moran, PLLC
- RSM International Ltd.
- McKinsey & Company
- Grant Thornton International Ltd (GTIL)
The report provides a detailed analysis of these key players of the global accounting services market. These players have adopted different strategies such as partnership, product launch, and expansion to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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- Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan
- Collagen Gummy Sales Propelled by Convenience, Taste, and Health Benefits to Reach US$378 Million by 2033 | Future Market Insights, Inc.
- Accounting Services Market to Reach $ 1.5 Trillion, Globally, by 2032 at 9.2% CAGR: Allied Market Research
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