G7 agrees on first comprehensive guidelines for generative AI
- The G7 digital and technology ministers have agreed on the world’s first comprehensive international guidelines for generative artificial intelligence (AI).
- The guidelines, which apply to both developers and users, aim to tackle issues like misinformation.
- They are expected to be approved in a virtual summit in early December.
EU nears deal to regulate ChatGPT, other AI tech in landmark act
- The European Union (EU) is nearing a deal to regulate artificial intelligence (AI) tools like OpenAI’s ChatGPT and Google’s Bard.
- The proposed AI Act would make the EU the first government outside Asia to establish firm rules for such technology.
- The legislation would require AI developers to maintain information on model training, copyrighted material use, and label AI-generated content.
Singapore aims to become where world’s best AI talents gather under renewed adoption strategy
- Singapore has unveiled its second national AI strategy (NAIS 2.0), aiming to become a hub for global AI talent and startups.
- The strategy, which will be continually reviewed, outlines plans to build a thriving AI ecosystem, develop the workforce, and provide infrastructural capacity.
- It also seeks to foster AI innovation while protecting users.
Bank of England set to examine risks posed by artificial intelligence
- The Bank of England will investigate the financial stability risks posed by artificial intelligence (AI) and machine learning.
- The move comes as AI use becomes more widespread in the financial sector, with implications for economic growth and productivity.
- The bank’s financial policy committee will consider the risks in 2024, aiming to ensure the UK financial system’s resilience.
Beijing court rules first case of infringement on a generative AI picture
- A Beijing court has ruled on China’s first copyright infringement case involving a picture created with generative AI software.
- The court emphasized the creator’s involvement and aesthetic choices, but warned against assuming all AI-generated works have copyright.
- The defendant was ordered to apologize and pay the plaintiff 500 yuan ($70.16) in damages.