Context: Digital ministers from the Group of Seven advanced nations have agreed on the adoption of "risk-based" regulation for artificial intelligence (AI).
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G7 digital ministers emphasised on preserving an "open and enabling environment" for the development of AI technologies based on democratic values. The agreement sets a landmark for how major countries govern AI amid privacy concerns and security risks. The G7 ministers also recognised the security risks posed by generative AI, such as the production of fake news.
