AI Regulations Soon? G7 Nations Agree AI Needs Rules
AI Crypto News: The 49th G7 summit hosted by Japan in Hiroshima on Saturday witnessed all the invited nations’ approval on the need for governance in the sector of generative artificial intelligence (AI). The leaders of G7 nations seek the adoption of global technical standards for AI.
Also Read: Why Didn’t US SEC Appeal Over Hinman Docs? Is It Looking To Settle?
AI Tech To Face Trouble From G7?
According to reports, the G7 leaders raised concerns regarding the disruptive potential this technology carries. They stated that the governance of the emerging digital economy should be updated regularly and be in line with democratic values.
The consensus among the leaders build after European Union moved towards passing a law to regulate artificial intelligence. However, it is reported that these laws might be the world’s first complete AI regulations.
Ursula von der Leyen, European Commission President while presenting at G7 mentioned that they want AI systems to be accurate, safe, reliable and Non-discriminatory. Read More Crypto News Here…
Also Read: Ripple CEO Warns “Confusing Laws” Will Push Crypto Firms To Leave US
Bloomberg reported that labeled as the “Hiroshima Process”, the nations will be holding high level meetings discussing the issue. However, a report will be submitted by the end of the year.
ChatGPT, an artificial intelligence chatbot got mentions from several leaders during the meeting. The G7 nations seek to look at the opportunities and challenges of AI. However, the rise of ChatGPT over the past few months has moved other companies to develop more advanced technology. This has led authorities to form regulations around the technology.
The United Kingdom is looking to draft a policy to oversee the risks and benefits of artificial intelligence, While, Japan is considering forming lighter rules than the EU introduced.
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
