Systems with low potential harm such as drink dispensers should not be regulated. Systems with some potential harm such as dynamic pricing in e-commerce should be lightly regulated and post-hoc controls should be set up. Systems with regular or obvious potential harm such as personalized pricing should undergo an approval procedure associated to regular controls.
Systems with considerable potential harm, such as companies that have quasi-monopolies in credit scoring, should publish the details of their algorithms, including the factors used in the calculations and their weights, the data processed and an explanation of their inner logic. Controls should be possible via a real-time interface. Systems with unwarranted potential harm such as autonomous weapons should be “fully or partially”forbidden.
