EU firms disclosing more detail on use of artificial intelligence

Second Decoding AI Disclosure report show a rise in number of firms citing AI policies and board-level oversight

The improvements coincides with the implementation of the EU AI Act, which the report said has reshaped expectations regarding transparency, accountability and the responsible use of AI.

Europe’s largest companies are increasing their disclosure of AI-related practices and governance by providing “significantly more” information on their policies which “improves transparency and confirms accountability”, a new report has found.

The latest Decoding AI Disclosure report, produced by FTI Consulting, Trinity College Dublin, and Mason Hayes & Curran Research, is an analysis of the AI-related statements in the annual and sustainability reports of Europe’s 50 largest companies in the STOXX Europe 50 Index.