Metaverse
UNSC to host first meeting on risks of AI, may suggest regulatory watchdog – Crypto News
The United Nations Security Council (UNSC) is set to host the first formal discussions on artificial intelligence (AI). Britain, which is currently holding the rotating presidency of UNSC has called for a discussion on AI this week in New York. The development comes as the government of many nations especially Europe has raised several apprehensions over the dangers and potential of AI. The discussions will be chaired by British Foreign Secretary James Cleverly.
Earlier, UN Secretary-General Antonio Guterres backed the suggestion of some executives for establishing an AI watchdog like the International Atomic Energy Agency (IAEA) which keeps an eye on the proliferation of nuclear weapons.
A report by Reuters said that governments across the globe are looking at ways to mitigate the dangers of growing AI technology which has the potential to change the global economy and international security landscapes.
The hype around AI and its regulation grew after the advent of generative AI technology like OpenAI’s Chat GPT and Google Bard. Apart from the concerns around privacy and data collection by these platforms, many technology experts have also raised an alarm about the potential dangers of such AI platforms in the absence of regulation.
Amid the discussions around its impact, Italy became the first free country to temporarily ban the use of ChatGPT. OpenAI CEO Sam Altman appeared before a Senate committee and agreed with the panel on the need for a regulatory body for AI.
Challenges of effective AI regulation
Notably, there are several challenges to regulating AI like catching up on its evolution and correctly describing what exactly AI is as there is no universal definition. One more challenge for effective regulation is the intensity of concern among various countries.
Most of the high-tech AI companies are currently based in the US, but the country for now doesn’t seem to be very passionate about AI regulation. However, the European countries citing their strict data protection laws vouch for active regulation and even legislated an AI act recently.
(With Reuters inputs)
Catch all the business news, market news, breaking news Events and Latest News Updates on Live Mint. Download Mint News App to get Daily Market Updates.
Updated: 17 Jul 2023, 07:35 PM IST
-
Blockchain7 days agoThe Quantum Clock Is Ticking on Blockchain Security – Crypto News
-
Technology1 week agoHow Americans are using AI at work, according to a new Gallup poll – Crypto News
-
Technology1 week agoHow Americans are using AI at work, according to a new Gallup poll – Crypto News
-
Blockchain1 week agoTether Launches Dollar-Backed Stablecoin USAT – Crypto News
-
Metaverse4 days agoContext engineering and the Future of AI-powered business – Crypto News
-
Cryptocurrency1 week agoRiver Crypto Token Up 1,900% in the Last Month—What’s the Deal? – Crypto News
-
Metaverse3 days agoStop panicking about AI. Start preparing – Crypto News
-
others1 week agoUS Heiress Slaps Billion-Dollar Lawsuit on Banks for Allegedly Aiding the Looting of Her $350,000,000 Trust Fund – Crypto News
-
Blockchain1 week agoTrump-Backed WLFI Snaps Up 2,868 ETH, Sells $8M WBTC – Crypto News
-
Blockchain1 week agoTrump-Backed WLFI Snaps Up 2,868 ETH, Sells $8M WBTC – Crypto News
-
Blockchain1 week agoUS Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling – Crypto News
-
Metaverse1 week agoIs AI eating up jobs in UK? New report paints bleak picture – Crypto News
-
Cryptocurrency1 week agoTrump family-backed American Bitcoin achieves 116% BTC yield – Crypto News
-
Metaverse4 days agoContext engineering and the Future of AI-powered business – Crypto News
-
Metaverse4 days agoContext engineering and the Future of AI-powered business – Crypto News
-
Blockchain1 week agoBitcoin Gets the Macro Bug as $87,000 Comes Into Play – Crypto News
-
Cryptocurrency1 week agoMakinaFi hit by $4.1M Ethereum hack as MEV tactics suspected – Crypto News
-
Technology1 week agoHow Americans are using AI at work, according to a new Gallup poll – Crypto News
-
others1 week agoPBOC sets USD/CNY reference rate at 6.9843 vs. 6.9929 previous – Crypto News
-
Blockchain1 week agoKalshi Expands Political Footprint with DC Office, Democratic Hire – Crypto News
-
Technology1 week agoElon Musk says ‘WhatsApp is not secure’ amid Meta privacy lawsuit; Sridhar Vembu cites ‘conflict of interest’ – Crypto News
-
Cryptocurrency1 week agoRiver price defies market downturn, explodes 40% to new ATH – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds in January Crash to 99% Ahead of Dollar Yen Intervention- Will BTC React? – Crypto News
-
Cryptocurrency1 week ago
Fed Rate Cut Odds in January Crash to 99% Ahead of Dollar Yen Intervention- Will BTC React? – Crypto News
-
Blockchain1 week agoBitcoin Gets the Macro Bug as $87,000 Comes Into Play – Crypto News
-
Business1 week ago
Bitcoin and XRP Price At Risk As US Govt. Shutdown Odds Reach 73% – Crypto News
-
Business1 week ago
Bitcoin and XRP Price At Risk As US Govt. Shutdown Odds Reach 73% – Crypto News
-
Business1 week ago
Bitcoin Sentiment Weakens BTC ETFs Lose $103M- Is A Crash Imminent? – Crypto News
-
Business1 week ago
Japan Set to Launch First Crypto ETFs as Early as 2028: Nikkei – Crypto News
-
Cryptocurrency1 week agoRYO Digital Announces 2025 Year-End Milestones Across Its Ecosystem – Crypto News
-
Cryptocurrency1 week agoRiver Crypto Token Up 1,900% in the Last Month—What’s the Deal? – Crypto News
-
Business1 week ago
Experts Advise Caution As Crypto Market Heads Into A Bearish Week Ahead – Crypto News
-
Business1 week ago
Experts Advise Caution As Crypto Market Heads Into A Bearish Week Ahead – Crypto News
-
Blockchain1 week ago‘Most Reliable’ Bitcoin Price Signal Hints at a 2026 Bull Run – Crypto News
-
Technology1 week ago
Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Tomorrow, Jan 28 – Crypto News
-
Technology1 week ago
Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Tomorrow, Jan 28 – Crypto News
-
Technology1 week ago
Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Tomorrow, Jan 28 – Crypto News
-
Business1 week ago
Bitcoin Faces Renewed Volatility as Investors Explore Options Like Everlight – Crypto News
-
others1 week ago
Jerome Powell Speech Tomorrow: What to Expect From Fed Meeting for Crypto Market? – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds in January Crash to 99% Ahead of Dollar Yen Intervention- Will BTC React? – Crypto News
-
Business1 week ago
Bitcoin and XRP Price At Risk As US Govt. Shutdown Odds Reach 73% – Crypto News
-
others1 week ago
U.S. Shutdown Odds Hit 78% as CLARITY Act Faces Fresh Uncertainty – Crypto News
-
others1 week ago478,188 Americans Warned After Hackers Strike Government-Related Firm Handling Sensitive Personal Data – Crypto News
-
Technology1 week ago
Crypto Events to Watch This Week: Is the Market Entering a New Recovery Phase? – Crypto News
-
Blockchain1 week agoCZ Won’t Return to Binance, Bullish on Bitcoin Supercycle – Crypto News
-
Blockchain1 week agoSolana (SOL) Slips Further As Bears Target Deeper Support Zones – Crypto News
-
Technology1 week agoIs TikTok still down in the United States? Check current status – Crypto News
-
Cryptocurrency1 week agoThe productivity bull case for almost everything – Crypto News
-
Business1 week ago
Experts Advise Caution As Crypto Market Heads Into A Bearish Week Ahead – Crypto News
-
Technology1 week ago
Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Tomorrow, Jan 28 – Crypto News
