In the fast-paced global competition to advance artificial intelligence (AI), countries are confronted with growing challenges posed by this innovative technology. Today, Italy’s government took a significant step forward, considering harsher penalties for crimes involving AI tools. These offenses would include market manipulation and money laundering. By addressing these issues, Italy joins the ranks of leading nations committed to ensuring safe and controlled usage of AI.
Diving Deep Into Italy’s Scrutinized Approach
In a proposal containing 25 articles, recently unveiled in Italy, regulatory bodies have decided against establishing broad guidelines for the use of artificial intelligence (AI). The purpose of this decision is to address potential threats to fundamental rights and associated economic and social risks related to AI technology.
Significantly, the document details plans for modifications to its content, which may affect the healthcare and judicial sectors by introducing controlled technologies. Additionally, it sets the stage for a countrywide AI strategy, prioritizing secure and regulated implementation of AI technology as previously stated.
The proposal includes stricter consequences for market manipulation utilizing AI technology, and it notifies that engaging in AI-based money laundering will be considered an aggravating circumstance across the country. This reaffirms the importance of swiftly implementing consistent regulations on AI at a global level.
Italy Joins The Race Alongside the U.S & U.K.
It’s fascinating that after the Italian regulatory bodies announced stricter rules for AI misconduct, Italy joins the US and the UK in leading the international effort to establish clear-cut regulations for artificial intelligence.
More recently, as previously mentioned in a CoinGape Media article, the Biden administration has taken steps to limit the export of AI chips to China, requiring licenses for such sales. Simultaneously, there have been initiatives from UK lawmakers aimed at addressing deepfakes, another concerning aspect of artificial intelligence, as reported by CoinGape Media.
The US and UK have likewise signed a formal agreement focusing on AI safety. Their goal is to address concerns arising from this technology.
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2024-04-09 22:26