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G7 Suddenly Remembers That AI Might Be a Thing We Should Regulate and Now the World Is Over

Crypto NewsRegulation/Negotiation Kevin Nelson October 8, 2024

A illustration depicting the world in chaos with giant robots made out of gears and wires crashing into each other amidst broken computer screens and scattered data cables. A massive hand reaches down from above holding a regulatory hammer, about to bring order but also crushing everything beneath it.

Just when you thought the world was running smoothly with all those crypto bros making bank on their worthless tokens, the G7 comes along and tells us that maybe we should be worried about something actually worth regulating – like artificial intelligence.

Source: cointelegraph

G7 antitrust watchdogs signal possible action on AI sector competition
https://cointelegraph.com/news/g7-competition-authorities-may-take-action-ai-markets
G7 nations’ antitrust authorities signaled they may take “vigorous” enforcement action to protect competition in the artificial intelligence sector by tackling risks before they become “entrenched or irreversible.” The watchdogs said in an Oct. 4 communiqué after a two-day summit in Rome that they want to reduce the “competitive bottlenecks” that hinder new AI entrants in comparison with established firms, which often get first access to generative AI tools, data […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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