According to BNN Bloomberg news, the US is considering joining an international organization that will advise companies and governments on the responsible development of artificial intelligence.
With this, the US will be the last of the Group of Seven (G&) countries to be on board.
Michael Kratsios, the Chief Technology Officer of the US, said: “The group, called the Global Partnership on AI, will study and provide recommendations to encourage the creation of AI technologies that respect privacy and civil liberties.”
Kratsios noted that this one was important as a check on China’s approach to AI, which often involves using new technologies to augment an already-robust surveillance state.
“The Chinese government has twisted AI in ways that are in direct conflict with the values of the US and its allies,” he added.
The G-7 meeting on Thursday will be led by Kratsios and Kelvin Droegemeier, Trump’s science adviser.
This comes amidst rife tensions between the US and China on the Hong Kong issue. On Wednesday, the US Secretary of State Michael Pompeo said that the country could no longer certify Hong Kong as politically autonomous, a move that could trigger sanctions on Beijing.
Despite escalation tensions between the two leading world economies, the market mood remains lifted amid expectations of a quicker economic upturn, as most major global economies re-open up from the coronavirus-imposed lockdowns. Global stimulus plans to stimulate the recovery process also boosts the Asian stocks and US equity futures.
AUD/USD extends its recovery mode above 0.6600, now testing highs at 0.6633, up 0.20% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.