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Home Economy

Japan Leaders Want New Law on Generative AI ‘Within the Year’

by Tradinghow
February 15, 2024
in Economy, Stock Trading
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Japan Leaders Want New Law on Generative AI ‘Within the Year’
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Japan’s ruling party is pushing for new legislation on generative artificial intelligence (AI) to be introduced within the year, according to a new report on Thursday.

The Liberal Democratic Party will propose that the Japanese government quickly introduce a new law on generative AI to address issues from the emerging technology, like disinformation and rights infringement, the Nikkei business daily reported.

The party’s AI project team will draft preliminary rules, including penal regulations, for foundation model developers such as Microsoft-backed OpenAI, the Nikkei report said.

Earlier this month, the European Union moved a step closer to adopting rules governing the use of AI models after EU countries endorsed a political deal reached in December.

Other governments including the United States and China are also exploring ways to regulate the technology.

 

  • Reuters, with additional editing by Vishakha Saxena

 

Also read:

 

China, North Korea Hackers Using Generative AI, Microsoft Says

 

Video Call With Deepfakes Costs UK Firm $25m in Hong Kong

 

G7 Agree AI Code of Conduct to Limit Tech Threat Risks

 

Notorious Crypto Fund HyperVerse May Have Created Fake CEO

 

Big Tech ‘Doing Little’ to Counter Rampant Scams on Social Media

 

High-Tech Asian Crime Wave: Cyber Scams, Casinos Loot Billions

 

China Makes First Arrest Over Fake News Generated by ChatGPT

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]





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