Alphabet

United

Biden

Meta

The world has moved a step closer to unifying its goals and values related to artificial intelligence following a meeting of Council of Europe ministers of justice.
The United States, the European Union and the United Kingdom are&nbsp;<a data-ct-non-breakable="null" href="https://www.ft.com/content/4052e7fe-7b8a-4c42-baa2-b608ba858df5" rel="null" target="null" text="null">expected</a>&nbsp;to sign the Framework Convention on AI on Sept. 5. The treaty highlights human rights and democratic values as key&nbsp;to regulating public and private-sector AI models.&nbsp;
<h2 id="strong-united-in-ai-strong">United in AI</h2>
The Framework Convention on AI would be the world’s first international treaty on AI that is legally binding to its signatories. It would hold each signatory accountable for any harm or discrimination caused by AI systems.&nbsp;
It also mandates that the outputs of said systems respect citizens’ equality and privacy rights, giving victims of AI rights violations legal recourse. However, should there be any violations, consequential reinforcement, such as fines, has yet to be implemented.&nbsp;
Additionally, compliance with the treaty is currently only enforced via monitoring.&nbsp;
The UK’s minister for science, innovation and technology, Peter Kyle, said that signing the treaty would be an “important” first step globally.&nbsp;
<blockquote>
 “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.”
</blockquote>
The treaty was initially drafted two years ago, with contributions from over 50 countries, including Canada, Israel, Japan and Australia.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ex-open-ai-chief-scientist-raises-1-billion-startup-artificial-intelligence-only-10-employees" rel="null" target="null" text="null">Ex-OpenAI chief scientist raises $1B for startup with only 10 employees</a>
While it may be the first instance of an international treaty on AI, individual nations have been actively considering implementing more localized AI regulations.&nbsp;
<h2 id="strong-global-ai-rules-strong">Global AI rules</h2>
Over the summer, the EU became the first jurisdiction to implement sweeping rules that govern the development and deployment of AI models, particularly high-level ones equipped with large amounts of computing power.&nbsp;
The EU AI Act came into force on Aug. 1 and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/eu-ai-act-compliance-regulations-2024" rel="null" target="null" text="null">introduced significant regulations</a> for AI through phased implementation and key compliance obligations.
Though the bill was developed with safety in mind, it has also been a contention point among developers in the AI space, who claim it stifles innovation in the region.&nbsp;
Meta — Facebook’s parent company — which is responsible for building one of the biggest large language models, Llama2, has stopped rolling out its latest products in the EU because of regulations that prevent Europeans from having access to the latest and most advanced AI tools.&nbsp;
Tech firms <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/eu-ai-act-compliance-regulations-2024" rel="null" target="null" text="null">banded together in August</a> to pen a letter to EU leaders, asking for more time to comply with the regulations.&nbsp;
<h2 id="ai-in-the-us">AI in the US</h2>
In the US, Congress has not yet implemented a nationwide framework for AI regulation. However, the Biden administration has established committees and task forces for AI safety.&nbsp;
Meanwhile, in California, lawmakers have been busy drafting and passing AI regulations. In the last two weeks, two bills have been pushed through the State Assembly and are awaiting a final decision for California Governor Gavin Newsom.&nbsp;
The first regulates and penalizes the creation of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/california-bill-prohibit-unauthorized-ai-replicas-deceased" rel="null" target="null" text="null">unauthorized AI-generated digital replicas</a> of deceased personalities.&nbsp;
The second is <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/california-ai-safety-bill-controversy" rel="null" target="null" text="null">a highly controversial bill</a> opposed by many of the leading AI developers, which makes safety testing mandatory for the majority of the most advanced AI models and the need to procure outlines on a “kill switch” for such models.
California’s AI regulation is important because it is home to the headquarters of some of the world’s leading developers, such as OpenAI, Meta and Alphabet.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ai-more-power-hungry-bitcoin-profits-pose-risks-bitcoin-miners/" rel="null" target="null" text="null">Magazine: AI may already use more power than Bitcoin — and it threatens Bitcoin mining</a>

US, EU and UK sign world’s first international AI treaty

Table of Contents

Cointelegraph

Other articles published on Sep 5, 2024

SHIB Eyes $1 Mark: Discover 2 Altcoins Set to Achieve This Milestone First

Zest Protocol’s BTCz brings Babylon BTC yield to Stacks

Solana (SOL) loses 12% of its value in the last seven days

Cardano and Shiba Inu Traders Disappointed Despite Major Milestone, They Buy this $0.03 Crypto

After Major Allegations That Kamala Harris Accepted Cryptocurrency Donations, The Truth Is Reveal...

Satoshi-Era Bitcoin Wallet Resurrected With Millions in BTC and 500,772% Profit

Join our free newsletter for daily crypto updates!