Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: US, EU, UK Sign First International AI Treaty
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: US, EU, UK Sign First International AI Treaty
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
  • News
  • Stories
  • Market Analysis
  • Learn
  • Crypto Prices
  • Contact Us
Search
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • CBDC
    • Crypto Exchange News
    • Cryptocurrencies
    • DeFi News
    • Ethereum News
    • Hacks and Scams
    • Litecoin News
    • Metaverse News
    • NFT News
    • Press Release
    • Ripples News
    • Sponsored Post
    • Web3 News
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
    • Quizzes
  • Crypto Prices
  • Contact Us

Trending →

World Liberty Financial Buys $3.5M of Ethereum

By Grace.Ezinne 3 days ago

The Evolution of Digital Coins: Unlocking the Future of Blockchain

By Rita Umukoro 1 month ago

Vatan Token: Its Rise in the Cryptocurrency Industry

By Rita Umukoro 2 months ago

Top Cryptocurrencies to Invest in 2025: The Experts’ Picks

By Ebimoboere Godspower 3 months ago

What’s Next for Cryptocurrency Wallets? Trends to Watch in 2025

By Ebimoboere Godspower 3 months ago
Follow US
© Coins Creed. All Rights Reserved.

Home » US, EU, UK Sign First International AI Treaty

NewsTech

US, EU, UK Sign First International AI Treaty

Kenne Michael
Last updated: 8 months ago
By Kenne Michael
Share
3 Min Read
SHARE

The US, EU, and UK sign the world’s first legally binding international AI treaty, prioritizing human rights and accountability in AI regulation.

Contents
A Milestone in AI RegulationRegional and National AI Regulations
US, EU, UK Sign First International AI Treaty

The global community has advanced towards aligning its goals and values concerning artificial intelligence (AI) with the signing of the Council of Europe’s AI convention.

The United States, European Union, and the United Kingdom are expected to sign the convention on September 5.

A Milestone in AI Regulation

The convention will be the world’s first legally binding international treaty on AI. It holds signatories accountable for any harm or discrimination resulting from AI systems.

It mandates that the outputs of these systems uphold citizens’ rights to equality and privacy, and provides legal recourse for victims of AI-related rights violations.

However, enforcement mechanisms such as fines are not yet established, and compliance is currently monitored rather than actively enforced.

UK’s Minister for Science, Innovation, and Technology, Peter Kyle, described the signing as an “important” global milestone, stating, “The fact that we hope such a diverse group of nations is going to sign up to this treaty shows that actually, we are rising as a global community to the challenges posed by AI.”

Drafted over the past two years with input from more than 50 countries, including Canada, Israel, Japan, and Australia, this treaty represents a pioneering step in international AI regulation.

Despite this progress, individual nations have been pursuing their own localized AI regulations.

Regional and National AI Regulations

In the summer, the EU enacted the AI Act, which became effective on August 1. This legislation introduces extensive regulations for AI, particularly targeting high-level systems with substantial computing power.

While intended to ensure safety, AI developers have criticized the Act for potentially hindering innovation.

For instance, Meta, the company behind one of the largest language models, Llama2, has halted the rollout of its latest products in the EU due to these new regulations.

Additionally, tech companies united in August to request more time to comply with the EU regulations.

A national AI regulatory framework in the United States has not yet been established. However, the Biden Administration has set up committees and task forces focused on AI safety.

Meanwhile, legislators in California are actively working on AI regulations.

Recently, two bills have advanced through the State Assembly and are awaiting a decision from Governor Gavin Newsom.

One bill addresses the unauthorized creation of AI-generated digital replicas of deceased individuals, while the other, which has faced opposition from major AI developers, mandates safety testing for advanced AI models and the inclusion of a “kill switch” for such models.

California’s AI regulations are significant given the state’s status as the base for leading tech developers like OpenAI, Meta, and Alphabet (Google).

TAGGED:AICaliforniaEuropeEuropean UnionRegulationUnited KingdomUnited States
Share This Article
Facebook Twitter Copy Link

You Might Also Like ↷

PayPal is reportedly shutting down its office in San Francisco

PayPal increases its crypto weekly limit purchases to $100K

July 15, 2021
Coinbase halts support for Signet Crypto payment platform

Coinbase halts support for Signet Crypto payment platform

March 21, 2023
Australian billionaire Andrew Forrest sues Facebook over crypto scams

Australian billionaire Andrew Forrest sues Facebook over crypto scams

February 3, 2022
Canaan Raises $50M Selling Preferred Shares for Bitcoin Mining

Canaan Raises $50M Selling Preferred Shares for Bitcoin Mining

January 27, 2024
Coinscreed
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
Coinscreed
FacebookLike
TwitterFollow
InstagramFollow

All Rights Reserved. Coinscreed 2024.

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist