G20 nations reaffirm responsible use and development of AI technology

As India handed over the G20 Presidency to Brazil, the member nations have dedicated to harnessing artificial intelligence (AI) technology in a responsible way in addition to planning for a future involving crypto properties and main bank digital currencies (CBDC). Source: G20The members of the G20– which consist of 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 success and expansion of the international digital economy. The G20 also agreed on taking a “pro-innovation regulatory/governance technique” that can help enjoy the optimum advantages of AI while potentially mitigating any associated risks.The drive to construct responsible AI will likewise intend to attain the 17 Sustainable Development Goals (SDGs) set by the United Nations (UN) to additional peace and success around the world.Related: G20 moves forward with international crypto frameworkIndias Minister of Finance Nirmala Sitharaman verified that G20 members are working towards establishing an international crypto framework.