Abstract

Today, the race between the top countries in the field of artificial intelligence continues in the world. The leaders, of course, are the USA and China. Everyone else is catching up. Among those who are catching up, including the European Union. The EU recently presented a strategy for the development of artificial intelligence (AI). The EU White Paper on Artificial Intelligence is a European approach to excellence and trust. The purpose of the article is to determine the main points of the strategy: artificial intelligence is one of the main factors in achieving the goals of sustainable development; creation of a European space, a single data market, to unlock unused data and allow its free movement within the EU and across sectors; creation of European data pools, allowing to create trust within the EU. The subject of research is modern trends in the development of artificial intelligence, changes in financial and economic systems. The research hypothesis is the influence of artificial intelligence on the trends of socio-economic development at different levels. Methods used in the research: comparison, comparison, systematic and analytical approaches, generalization and classification, dialectical and formal logic. Presenting main material. The EU should significantly increase its investments in AI — focusing on public-private partnerships will allow to mobilize private and public investments; launch the European Investment Fund in the amount of 100 million euros in 2020 to finance startups; unification of various competence and skills development centers to increase competitiveness; adopt a program for the development of artificial intelligence to carry out public procurement of AI systems. The originality and practical significance of the obtained results is a call for the creation of a strong European regulatory framework for the development of AI-based products and services with a high degree of trust; special regime for AI with a high level of risk if its technologies are applied in the field of health care, transport, energy, the public sector and for the use of AI that creates legal or significant consequences for the rights of individuals or legal entities, as well as technologies that can have a risk of injury, death or significant material/non-material damage. Conclusions. Society must actively and adequately respond to modern world challenges such as "Industry 4.0", "Society 5.0", sustainable and safe development ("Goals of the SR" - 17 solutions proposed by the UN), promptly respond to military and terrorist threats, cyber security, systemic crises and so on.

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