G-7 should adopt 'risk-based' AI regulation, ministers say

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G-7 should adopt 'risk-based' AI regulation, ministers say
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The agreement sets a landmark for how major countries govern AI amid privacy concerns and security risks. Read more at straitstimes.com.

TAKASAKI, JAPAN - Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an artificial intelligence Act to enforce rules onBut such regulation should also “preserve an open and enabling environment” for the development of AI technologies and be based on democratic values, G7 ministers said in a joint statement issued at the end of a two-day meeting in Japan.

Governments have especially paid attention to the popularity of generative AI tools such as ChatGPT, a chatbot developed by Microsoft Corp-backed OpenAI that has become the fastest-growing app in history since its November launch. Ms Vestager, EU’s tech regulation chief, said the bloc “will have the political agreement this year” on the AI copyright legislation, such as labelling obligations for AI-generated images or music.

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