The approval on Feb. 2 came as France and Germany withdrew their objections to the AI Act.
Italy News
Italy, officially the Italian Republic, is a unitary parliamentary republic located along the Mediterranean Sea. The Italian economy is the eighth-largest in the world and is built upon a large number of small and medium-sized enterprises, with most of them focused on niche markets and luxury products. Italy has both a large agricultural sector and a large, technologically-advanced manufacturing industry. Italy didn’t have any special Bitcoin regulations and there was no legal framework for cryptocurrency in Italy until 2018. Currently, Italian professionals in the blockchain industry, such as exchanges and investors, are required to be registered by the Institution of Agents and Mediators by providing documentation data and the websites of businesses. Italy does not have cryptocurrency taxes, but a list of cryptocurrency agents will be available to the Financial Police to conduct investigations of money laundering and terrorism funding.
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The Italian data protection authority has notified OpenAI that it has found the company in breach of its data protection and privacy laws.
2539The municipality of Trento was fined for its misuse of AI technology during a scientific research project using cameras, microphones and social networks, making it the first Italian city to receive such a fine.
5862Real-world asset tokenization advances in Italy, where the distressed loan market has ballooned to hundreds of billions of euros.
1924Prime Minister Giorgia Meloni said she wants to hold a special AI-focused session of G7 members before the first leaders’ summit, scheduled for June.
2669Concerns over the potential misuse of AI have prompted the U.S., U.K., China and the G7 to speed up regulation of the technology, but Europe is already ahead.
2456The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs.
6092Amnesty’s secretary-general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act.
4079The Italian Data Protection Authority has launched a “fact-finding” probe into the security practices of public and private websites to prevent AI data scraping.
3812Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children.
2740According to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household electricity costs.
15784The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.
5704Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
5081There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.
21340A senator in Italy utilized OpenAI’s GPT-4 to generate a speech during a parliamentary meeting to spark a “serious debate” about the technology.
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