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AI Regulation Gets Better
As artificial intelligence (AI) continues to advance at a rapid pace, the need for thoughtful regulation has become more crucial than ever. Recent developments in AI governance show promising signs that policies are adapting to better safeguard innovation while addressing ethical, societal, and safety concerns. With global institutions and geographica blocs refining their frameworks and collaboration efforts gaining traction, AI regulation is steadily evolving, ensuring a more secure and transparent future for both developers and users alike. This compilation features the latest developments in AI. The featured content is interesting and worth your reading time.
Europe Rallies Global Experts to Shape AI Governance with New Code of Practice
The European Union through the Artificial Intelligence (AI) Office has initiated the development of the first General-Purpose AI Code of Practice, which builds on the recently passed EU AI Act. This project is led by 13 global AI experts, including Turing Award-winner Yoshua Bengio, bringing together nearly 1,000 experts worldwide. The project aims to create guidelines addressing key AI concerns like transparency, copyright, and risk management. The Code of Practice is expected to be completed by April 2025, with the EU aiming to establish it as a global standard for AI governance. This will impact companies deploying AI in Europe.
Copilot as Your Digital Companion
Microsoft has has made significant upgrades to Copilot, the new AI assistant that will be able to see what's on your screen, speak to you in voice, deeply think over big and complicated problems, and provide emotional support. The upgrade is aimed at improving user experience, provide emotional support, save time, help with brainstorming, and make using Windows and Office more pleasant and productive. Copilot will also have a "Think Deeper" feature for tackling harder problems or making decisions. Microsoft claims they are not saving any visual data for privacy reasons.
Estonia Government, AI and Crypto
There is a rapid advancement of the digital realm and now countries like Estonia are leading the charge in leveraging technology for government services and innovation. Estonia's embrace of AI technology and innovation has propelled it forward compared to other countries. This comes with attendance challenges governments face in regulating emerging technologies, especially when the advancement is rapid.
Markets Suffer More!
The current state of the markets is obviously an impact of self-fulfilling prophecies, volatility, and global risks on investor sentiment. There is the strong DXY, the volatility index, and the performance of assets like Gold, Silver, and crypto. At this point, caution is required in taking large positions due to the tense global environment and thus, it is recommended that investors consider buying cheap or oversold assets with a long-term perspective. What's your thoughts on the market outlook?
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