PYMNTS.com September 6, 2024

A new international artificial intelligence treaty signed by the United States, the United Kingdom and the European Union has rekindled a debate over the future of tech innovation.

The AI Convention aims to protect the human rights of those affected by AI systems. It marks a step in global efforts to regulate a rapidly advancing technology that experts say has far-reaching implications for commerce. The move also pits advocates of responsible AI development against those who fear that over-regulation could stifle progress.

“While the new international AI treaty is designed to protect human rights and ensure responsible AI use, it risks further slowing innovation in businesses that depend on rapid AI development,” Jacob Laurvigen, CEO and co-founder of AI company...

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Topics: AI (Artificial Intelligence), Govt Agencies, Regulations, Technology
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