Groundbreaking AI Treaty to be Signed by US, Britain, and European Union: Report – Finance Magnates
Go to Article
Excerpt:
- This treaty aims to balance the risks of AI with the promotion of responsible innovation and the protection of human rights.
- The AI Convention differs from the EU’s AI Act in that it applies to a broader group of countries and emphasizes human rights.
United States, Britain, and European Union member states will sign the world’s first legally binding international treaty on artificial intelligence, Reuters reported. The treaty, developed over years of negotiations, aims to address the risks posed by AI while promoting responsible innovation.
The AI Convention, adopted in May, is the result of discussions among 57 nations spearheaded by the Council of Europe, a human rights organization. This agreement is focused on protecting the human rights of those affected by AI systems and ensuring that technological progress does not come at the expense of fundamental values like human rights and the rule of law.
While the treaty may share similar goals with the European Union’s recently enacted AI Act, it is distinct in scope and application. The EU’s AI Act, which came into force last month, focuses on regulating AI systems within the EU’s internal market.
About The Author
