Roundup – US eyes AI regulations; G7 to discuss standards for digital coins and crypto
US on the hunt for possible rules to regulate AI
The Biden administration is seeking public comments on accountability measures for AI systems as questions loom over future regulation.
Interest in AI has booked off the back of ChatGPT’s popularity, but this has also highlighted concerns of AI generative systems, attracting the attention of US lawmakers.
The National Telecommunications and Information Administration (NTIA), a Commerce Department agency that advises the White House, has made clear it wants external input. It wants to know if there are measures that could be put in place to provide assurance “that AI systems are legal, effective, ethical, safe, and otherwise trustworthy”.
NTIA plans to draft a report as it looks at “efforts to ensure AI systems work as claimed – and without causing harm” and said the effort will inform the Biden Administration’s ongoing work.
G7 to discuss digital currency standards, crypto regulation
G7 advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said this week.
The move comes part of its efforts to address challenges the global community face from fast-moving digital technology, such as cyber-security, the spread of misinformation, social and political divides, and the risk of destabilising financial markets.
The collapse of crypto exchange FTX last year “was a serious wake-up call” for policymakers to create regulation across borders, said Kanda. “For crypto assets, there are a bit of diverging views among countries. But consensus is definitely that we need more regulation, particularly after the FTX shock.”
China drafts measures to manage generative AI services
China’s cyberspace regulator, Cyberspace Administration of China (CAC), is asking firms to submit security assessments to authorities before they launch generative AI offerings to the public.
Providers will be responsible for the legitimacy of data used to train generative AI products, and service providers must require users to submit their real identities and related information. Providers will be fined, have their services suspended, or even face criminal investigations if they fail to comply with the rules.
If inappropriate content is generated by platforms, the companies must update the technology within three months to prevent similar content from being generated again, the CAC added. The measures are expected to come into effect sometime this year.
Apple injects second round of investment into carbon removal
Apple has doubled its financial commitment to its Restore Fund created in 2021 to invest in projects that remove carbon from the atmosphere. It will invest up to an additional $200 million, with an initial $200 million commitment. The move comes as Apple continues its efforts to become carbon neutral through its entire supply chain and the life cycle of every product by 2030. According to the iPhone maker, the additional investment is expected to help the fund start new projects and double its previously stated goal to remove about one million metric tonnes of carbon dioxide per year.
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