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An annotated analysis of the EU Ethics Guidelines For Trustworthy AI

Having seen the potential of AI, the European Commission has released a set of ongoing guidelines on how to build AIs that can be trusted by society. We present an annotated analysis.
It is refreshing to see that the EU Commission follows the trend in the technological advancements, setting up pilot groups to understand how these advancements can be used for its own prosperity. Examples of that are the EU Blockchain Observatory which we've looked into in the article "EU Blockchain Observatory and Forum Blockchain AMA" or the EU bug bounty initiative which we've looked into in "EU Bug Bounty - Software Security as a Civil Right".
The Commission's instrument in this case is the High-Level Expert Group on AI (AI HLEG), an independent expert group set up in June 2018. The aim of the HLEG is to draft two deliverables: AI Ethics Guidelines and Policy and Investment Recommendations. It's the former that we'll be focusing on here.
The aim of these guidelines is to promote so-called "Trustworthy AI", comprising of the following three components:

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