HomeTechnologyG7 Should Adopt "Risk-Based" AI Regulation, Ministers Suggest

G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest

Digital ministers at the latest Group of Seven meeting on Sunday agreed that “risk-based” regulation of artificial intelligence technology should be adopted. This comes as European lawmakers look to pass an AI Act in order to govern emerging technologies such as ChatGPT from Open AI.

The ministers agreed that while a democratic approach should be used to ensure that the technology is given room to be developed, policy instruments need to be implemented in order to ensure that AI technologies are developed in a trustworthy and ethically responsible manner.

“The conclusions of this G7 meeting show that we are definitely not alone in this,” European Commission Executive Vice President Margrethe Vestager stated following the gathering. “We plan to convene future G7 discussions on generative AI which could include topics such as governance, how to safeguard intellectual property rights including copyright, promote transparency, address disinformation.”

Palantir and Dell Among New Additions to S&P 500

As part of its quarterly rebalancing, S&P 500 is adding data analytics software company Palantir Technologies and personal computer and server maker Dell to...

Discount Retailer Big Lots Plans to File for Bankruptcy, Will Sell All of Its Stores

Discount retailer Big Lots, which specializes in home goods, is planning to file for bankruptcy, according to a recent report by Bloomberg News. The sources...

CEO of America’s Oldest Bank Says Crypto Won’t Replace Dollar

Crypto enthusiasts believe that there will come a point where cryptocurrency will replace traditional currencies and become a widely accepted form of payment. But...