G20 nations reaffirm responsible use and development of AI technology
cointelegraph.comAs India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible manner in addition to planning for a future involving crypto assets and central bank digital currencies (CBDC).
The G20 leader’s declaration document highlighted technology’s role in bridging digital divides globally. In doing so, it acknowledged G20’s interest in curating policies and regulations for cryptocurrencies and the potential of CBDCs in cross-border payments.
The members of the G20 — which include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union — see AI as a tool for prosperity and expansion of the global digital economy.
However, to ensure the responsible use and development of AI, the G20 member nations recommended addressing existing concerns around data protection, biases, appropriate human oversight, and ethics to name a few. The G20 nations’ AI “for good and for all” commitment read:
In addition, the members reaffirmed their commitment to G20 AI Principles, drafted in 2019, which details global policies and cooperation around building “trustworthy AI.” The G20 also agreed on taking a “pro-innovation regulatory/governance approach” that can help reap the maximum benefits of AI while potentially mitigating any associated risks.
The drive to build responsible AI will also aim to achieve the 17 Sustainable Development Goals (SDGs) set by the United Nations (UN) to further peace and prosperity around the world.
Related: G20 moves forward with international crypto framework
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