G7

Leaders of the Group of Seven (G7) nations on Saturday called for the development and adoption of international technical standards for trustworthy artificial intelligence (AI) as lawmakers of the rich countries focus on the new technology.While the G7 leaders, meeting in Hiroshima, Japan, recognised that the approaches to achieving "the common vision and goal of trustworthy AI may vary", they said in a statement that "the governance of the digital economy should continue to be updated in line with our shared democratic…

According to a McKinsey report, depending on the adoption scenario, automation will displace between 400 and 800 million jobs by 2030, requiring up to 375 million people to change job categories entirely.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 AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also "preserve an open and enabling environment" for…

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 AI Act to enforce rules on emerging tools such as ChatGPT.But 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.While the ministers recognised that “policy…

Leaders from the Group of Seven advanced economies will discuss generative artificial intelligence ChatGPT when they gather in Hiroshima next month for a summit, Kyodo news agency quoted Japanese Prime Minister Fumio Kishida as saying on Wednesday."International rules need to be created," Kyodo quoted Kishida as saying in a meeting with executives of regional newspapers.His comment comes when calls are growing for regulating advanced AI systems as use of ChatGPT and other programmes becomes widespread. EU lawmakers this…

Group of Seven (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 on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as part of efforts to address challenges the global community face from fast-moving digital technology, he said. "We have to address risks from the development of CBDC by ensuring factors such…

BERLIN—The European Union is advancing work on a price cap for Russian oil under an approach that keeps the U.S.-led effort on track, but holds off on final approval.EU member states are near to agreeing on a two-stage approach to the international price cap on Russian oil, which is being developed within the Group of Seven industrial economies. EU officials are preparing legislation needed to implement the measure, but are likely to hold off approving it until the rest of the G-7 is ready, diplomats and officials said.…

WASHINGTON—The head of the U.S. Secret Service is retiring to take a top security post at the California-based social-media company Snap Inc., the parent of Snapchat, officials said Thursday. James Murray, director since 2019, had been looking to retire since the spring after 27 years with the law-enforcement agency best known for protecting presidents, Secret Service spokesman Anthony Guglielmi said. He delayed leaving until July 30 because he wanted to…

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