World Powers Convene to Establish Guidelines for Advancing Artificial Intelligence

Artificial intelligence is in the spotlight again as 18 of the world’s nations ink an agreement that would make AI ‘secure by design’ and protect users. 

The United States, Britain, Australia, and over a dozen other countries unveiled an agreement on Nov. 26 containing guidelines for keeping artificial intelligence (AI) safe and secure. 

Safe Artificial Intelligence

The first detailed international agreement on keeping artificial intelligence safe from rogue actors has been published in a 20-page document. 

In addition to the US and UK, 18 countries, including Germany, Italy, Australia, Chile, Israel, Nigeria, and Singapore, signed the agreement.

They all agreed that firms designing and using AI need to develop and deploy it in a way that keeps users and the public safe from misuse, reported Reuters. 

The agreement lays out general, non-binding recommendations around securing AI systems, protecting data, and vetting suppliers.

However, it does not address issues like appropriate AI use cases or data collection and privacy policies.

Read more: How Will Artificial Intelligence (AI) Transform Crypto?

Director of the US Cybersecurity and Infrastructure Security Agency, Jen Easterly, told the outlet:

“This is the first time that we have seen an affirmation that these capabilities should not just be about cool features and how quickly we can get them to market or how we can compete to drive down costs,”

The framework deals with questions of how to keep AI technology from being hijacked by hackers but only includes recommendations.

Nevertheless, it references some of the pressing issues, such as how it could be used to disrupt the democratic process, increase and enhance fraud, or lead to job losses. 

Europe is leading the way on regulations, and the US, as usual, is lagging behind due to political disagreements. 

AI Token Outlook 

Last week, OpenAI reinstated Sam Altman as CEO, causing a flurry of attention for AI crypto tokens. 

However, AI tokens are following broader market movements today, which is downwards. Worldcoin (WLD) is flat on the day at $2.65, but Render (RNDR) has dropped almost 5% on the day in a fall to $3.23 at the time of writing.

Nevertheless, Fetch.ai (FET) has broken the trend, gaining 3% daily to reach $0.54. 

SingularityNET (AGIX) is suffering heavy losses, having dropped 7.6% on the day, falling to $0.30 at the time of writing. 

Overall, the crypto market cap was down 1% on the day at $1.48 trillion, cooling from weekend highs. 

Read More: 9 Best AI Crypto Trading Bots to Maximize Your Profits