Artificial Intelligence: G7 Leaders Acknowledge Positive Potential Of AI, But Want “Guardrails”

This was the first time that the G7 was deliberating on AI, and came after the explosive advance in technology such as OpenAI’s ChatGPT.

G7 leaders have called for the establishment of “guardrails” to regulate the development of artificial intelligence (AI) at their 3-day summit in Japan that commenced today. There is a growing need for oversight of AI due to its rapid advancements and potential abuses, the leaders felt.

European Commission President Ursula von der Leyen and UK Prime Minister Rishi Sunak were among those who emphasized the importance of implementing safeguards for AI development. They highlighted the need for accuracy, reliability, safety, and non-discrimination in AI systems. (FT)

Governments, including the EU and the US, are exploring regulations for AI, with EU lawmakers last week agreeing on strict rules on the use of the technology.

“We reaffirm that AI policies and regulations should be human centric and based on nine democratic values, including protection of human rights and fundamental freedoms and the protection of privacy and personal data,” the G7 ministers said in a statement.

“We also reassert that AI policies and regulations should be risk-based and forward-looking to preserve an open and enabling environment for AI development and deployment that maximizes the benefits of the technology for people and the planet while mitigating its risks.”

Related Story:  What Sam Altman Said To The Senate Panel

Image of Hiroshima Peace Memorial by djedj from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
June 2, 2023     FinTech, News

Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s…
Digital Assets: Oracle Red Bull Racing Seeks To Digitize Engagement With Fans On The Sui Blockchain

Oracle Red Bull Racing has announced a multi-year partnership with software company Mysten Labs to collaborate on Sui, which will serve as the team’s Official Blockchain partner. Sui, a Layer…
Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut
June 2, 2023     News, Venture Capital

L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and…
Artificial Intelligence: In Flight Simulation, An AI Drone Tries To Kill Its Own Handler
June 2, 2023     Artificial Intelligence, News

During a simulated test at a London summit, an AI-controlled drone turned against its human operator, raising significant ethical concerns. Air Force Colonel Tucker “Cinco” Hamilton shared the incident, which…