Meanwhile, the research found emerging economies displayed a higher trust in AI on average, such as Brazil (56%), China (77%) and South Africa (57%).

Despite the hesitation to trust in Finland, the use of AI (39%) is higher than the worldwide average (33%).

“Finland really pushed on the need for an independent regulator to oversee AI adoption, rather than a government body,” said Jonathan Merry, CEO, BanklessTimes. “Perhaps the key issue is not whether the algorithms are biased or whether the software is faulty. But whether we repose trust in those who deliver it, vet it, and regulate it.”