US, Britain, EU to Sign First International AI Treaty

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
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US, Britain, EU to Sign First International AI Treaty

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights

The first legally binding international AI treaty will be open for signing on Thursday by the countries that negotiated it, including European Union members, the United States and Britain, the Council of Europe human rights organisation said.

The AI Convention, which has been in the works for years and was adopted in May after discussions between 57 countries, addresses the risks AI may pose, while promoting responsible innovation.

"This Convention is a major step to ensuring that these new technologies can be harnessed without eroding our oldest values, like human rights and the rule of law," Britain's justice minister, Shabana Mahmood, said in a statement, Reuters reported.

The AI Convention mainly focuses on the protection of human rights of people affected by AI systems and is separate from the EU AI Act, which entered into force last month.

The EU's AI Act entails comprehensive regulations on the development, deployment, and use of AI systems within the EU internal market.

The Council of Europe, founded in 1949, is an international organization distinct from the EU with a mandate to safeguard human rights; 47 countries are members, including all the 27 EU member states.

An ad hoc committee in 2019 started examining the feasibility of an AI framework convention and a Committee on Artificial Intelligence was formed in 2022 which drafted and negotiated the text.

The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.

Francesca Fanucci, a legal expert at ECNL (European Center for Not-for-Profit Law Stichting) who contributed to the treaty's drafting process alongside other civil society groups, told Reuters the agreement had been "watered down" into a broad set of principles.

"The formulation of principles and obligations in this convention is so overbroad and fraught with caveats that it raises serious questions about their legal certainty and effective enforceability," she said.

Fanucci highlighted exemptions on AI systems used for national security purposes, and limited scrutiny of private companies versus the public sector, as flaws. "This double standard is disappointing," she added.

The UK government said it would work with regulators, the devolved administrations, and local authorities to ensure it can appropriately implement its new requirements.



'Samsung Pay' Service Enabled in Saudi Arabia during Q4 2024, Says SAMA

The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
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'Samsung Pay' Service Enabled in Saudi Arabia during Q4 2024, Says SAMA

The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)

The Saudi Central Bank (SAMA) said on Tuesday that it signed an agreement with Samsung to enable the launch of Samsung Pay in Saudi Arabia during Q4 of 2024.

The agreement was signed at the inaugural 24 Fintech conference in Riyadh.

The step reflects SAMA's ongoing efforts to improve digital payment in Saudi Arabia, in line with the objectives of the Financial Sector Development Program, a key initiative of Saudi Vision 2030, the bank said in a statement.

It also reflects SAMA's commitment to developing a robust digital payments infrastructure through the national payments system "mada", thus moving toward a less cash-dependent society by providing advanced digital payment solutions that align with international standards.

The Samsung Pay service aims to offer an advanced and secure payment experience, enabling users to easily store and manage their digital payment cards with the Samsung Wallet application.

The launch of the Samsung Pay service is part of a series of technical innovations that aim at meeting market needs and advancing Saudi Arabia's position as a global pioneer in FinTech.