called <\/a>for a worldwide framework governing cryptocurrency, artificial intelligence, and emerging technologies. This call comes as the G20 summit is set to commence on September 8 in New Delhi.<\/p>\n\n\n\nModi's stance on this matter is clear: \"Not only crypto, but all emerging technologies need a global framework and regulations.\"<\/em> He emphasizes the need for regulations on AI and emerging technologies. <\/p>\n\n\n\nAs India spearheads the 2023 G20 summit, Modi highlights the country's significant move in AI and digital public infrastructure (DPI). He insists that these regulatory measures should overcome national or regional boundaries and be globally applicable.<\/p>\n\n\n\n
Highlighting the concerns of the Global South, a collective term encompassing emerging economies, the Prime Minister underscores the current discussions about cryptocurrencies, which are especially relevant to this group. \u201cIndia\u2019s G20 presidency expanded the crypto conversation beyond financial stability to consider its broader macroeconomic implications, especially for emerging markets and developing economies,\u201d<\/em> he said. <\/p>\n\n\n\nWhat Is G20?<\/h2>\n\n\n\n
The Group of Twenty (G20) comprises 19 nations and the European Union. It represents roughly 85% of the global GDP, over 75% of global trade, and around two-thirds of the world\u2019s population. <\/p>\n\n\n\n
India's stance on cryptocurrencies in recent years has been consistently against them. The Governor of the Central Bank of India has labeled crypto a \"significant threat\"<\/em> to the global financial system, accompanied by stringent tax regulations on crypto-related income.<\/p>\n\n\n\nNonetheless, India has not hesitated to advance its Central Bank Digital Currency (CBDC), known as the E-Rupee. The pilot program for this digital currency, initiated in October 2022, has reportedly garnered increasing participation from various institutions.<\/p>\n","post_title":"Indian Prime Minister Calls For Global Regulation On Cryptocurrency And AI","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indian-prime-minister-calls-for-global-regulation-on-cryptocurrency-and-ai","to_ping":"","pinged":"","post_modified":"2023-08-31 23:10:51","post_modified_gmt":"2023-08-31 13:10:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13056,"post_author":"15","post_date":"2023-08-25 00:52:09","post_date_gmt":"2023-08-24 14:52:09","post_content":"\n
Google is expressing its plan to utilize web publishers' content for enhancing its AI systems. The company suggests that if businesses don't want their content scraped, they need to opt out, similar to search engine indexing.<\/p>\n\n\n\n
Detractors of this approach argue that this opt-out strategy contradicts copyright laws, shifting the responsibility to use copyrighted content from seekers to the copyright holders.<\/p>\n\n\n\n
Google presented its strategy in its submission to the Australian government's consultation on regulating high-risk AI applications. While Australia has been considering banning certain problematic uses of AI like disinformation and discrimination, Google argues that AI developers need broad access to data. This position has sparked discussions about the implications of such a move. Critics stress potential copyright issues and how this approach might affect content usage responsibility.<\/p>\n\n\n\n
Google conveyed to Australian policymakers, as reported <\/a>by The Guardian, that they believe copyright law should facilitate proper and equitable utilization of copyrighted content for AI training purposes. Google highlighted their robots.txt tool, a standardized content crawler, which permits publishers to specify website sections inaccessible to web crawlers. This stance has sparked discussions about the balance between AI advancement and copyright protection.<\/p>\n\n\n\nHere's What The Experts Are Saying<\/h2>\n\n\n\n
Experts contend that unauthorized web scraping raises concerns related to copyright and ethics. Publishers, such as News Corp., are engaging in discussions with AI companies to secure compensation for content use. The AFP recently issued an open letter<\/a> addressing this precise matter.<\/p>\n\n\n\n\u201cGenerative AI and large language models are also often trained using proprietary media content, which publishers and others invest large amounts of time and resources to produce,\u201d <\/em>the letter reads. \"In addition to violating copyright law, the resulting impact is to meaningfully reduce media diversity and undermine the financial viability of companies to invest in media coverage, further reducing the public\u2019s access to high-quality and trustworthy information.\"<\/em><\/p>\n","post_title":"Google's AI Data Collection Methods Trigger Australian Inquiry","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"googles-ai-data-collection-methods-trigger-australian-inquiry","to_ping":"","pinged":"","post_modified":"2023-08-25 00:52:17","post_modified_gmt":"2023-08-24 14:52:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
