G7 should adopt ‘risk-based’ AI regulation

Tags: International News

Digital ministers from the Group of Seven advanced nations (G7) agreed on 30 April that they should adopt "risk-based" regulation on artificial intelligence.

An overview of the news

• European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT.

• G7 ministers said in a joint statement issued at a two-day meeting in Japan that such regulation should "preserve an open and enabling environment" for the development of AI technologies and be based on democratic values.

• The ministers recognized that the policy tools to achieve the common vision and goal of trustworthy AI among G7 members may differ.

• The agreement sets a milestone for how major countries regulate AI amid privacy concerns and security risks.

• Governments in particular have taken note of the popularity of generative AI tools such as ChatGPT.

• A chatbot (ChatGPT) developed by Microsoft Corp-backed OpenAI has become the fastest-growing app in history since its launch in November.

What is ChatGPT?

• It is a natural language processing tool powered by Artificial Intelligence (AI) technology that allows chatbots to do much more than just have human-like conversations.

• This language model can answer questions and assist with tasks such as writing emails, essays and code.

• ChatGPT was created by OpenAI, an AI and research company.

• A chatbot (ChatGPT) developed by Microsoft Corp-backed OpenAI has become the fastest-growing app in history since its launch in November.

What is Artificial Intelligence?

• It is a broad branch of computer science that deals with building smart machines capable of performing tasks that would normally require human intelligence.

About G7

• The G7 is a group of seven major industrialized countries, including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

• The G7 holds annual meetings to discuss various global issues, but these meetings are usually held in different locations each year.

• The 48th G7 summit was hosted by Germany in 2022.