The UK will host the primary world summit on the regulation of synthetic intelligence this autumn, the prime minister is about to announce at present.
Rishi Sunak is predicted to inform US president Joe Biden that Britain can exert management in establishing the “guardrails” for the brand new expertise and can host the assembly to debate how internationally co-ordinated regulation can mitigate danger.
Downing Avenue mentioned the summit would convey collectively political and business leaders from “like-minded international locations”, however China is more likely to be excluded. “Invites will probably be despatched out on the applicable time,” Sunak’s spokesperson mentioned.
Sunak will at present maintain talks with Biden in Washington about enhancing “financial safety”, together with a probable deal between the US and UK on growing provide chains in very important sectors, resembling important minerals, to bypass China. The 2 leaders will even talk about the longer-term safety of Ukraine.
Right here’s what else I’m retaining tabs on at present:
Financial information: Analysts count on revised figures due at present to point out that the eurozone financial system shrank within the first quarter.
CRH extraordinary assembly: London’s standing comes beneath renewed scrutiny as shareholders of the world’s largest constructing supplies group vote on shifting its main itemizing to New York.
5 extra high tales
1. Unique: The US, Taiwan and Japan are to share real-time information from naval reconnaissance drones, demonstrating Washington’s push to strengthen co-ordination within the occasion of a Chinese language assault on Taiwan. Taipei can also be set to obtain 4 MQ-9B Sea Guardians, a maritime variant of the Reaper drones used broadly by the US within the Center East. Learn the complete story.
2. Understanding the threats from biodiversity loss is important for the financial system, European Central Financial institution board member Frank Elderson has mentioned, hitting again at accusations of mission creep because the central financial institution embarks on its first main probe into such dangers. Right here’s why Elderson argues it’s “not some form of flower energy” train.
3. A British marine insurance coverage salesman “stored North Korea’s international commerce fleet afloat” in obvious violation of UN sanctions, years after the UK authorities was made conscious of suspicions over his actions, mentioned a UN sanctions skilled. The late David Skinner issued fraudulent insurance coverage certificates for not less than 29 North Korean ships within the 5 years earlier than he died in 2016.
4. Crypto possession greater than doubled within the UK final yr to a couple of in 10 individuals surveyed, mentioned the Monetary Conduct Authority, because it introduced an October begin date for its clampdown on mis-selling in a sector typically dubbed finance’s “Wild West”. Learn extra on the UK’s plans for a crackdown on the business.
5. New York had the worst air high quality on this planet yesterday after smoke from Canadian wildfires lined a swath of North America, with authorities issuing well being warnings to hundreds of thousands of individuals within the japanese US and Canada. The unhealthy air has disrupted every part from air journey to Broadway exhibits.
The Huge Learn
Italy, a society that also views itself as conventional and family-orientated, is going through what some dub a “demographic winter”. Annual new births are falling relentlessly as ladies delay motherhood, or decide out altogether, in a nation lagging far behind its European friends in help for working moms. However many are sceptical of Prime Minister Giorgia Meloni’s makes an attempt to entice ladies into having youngsters.
We’re additionally studying . . .
Chart of the day
Buyers’ help for environmental and social activism sank at this yr’s annual conferences of US firms, reflecting hesitation over more and more prescriptive proposals and mounting political pressures.
Take a break from the information
Forward of the discharge of Black Mirror’s sixth season, the Monetary Instances interviews Charlie Brooker, the creator of the darkly satirical Netflix collection. Brooker discusses avoiding Elon Musk and NFTs, and asking ChatGPT to write down an episode abstract.
Extra contributions by Benjamin Wilhelm and Gordon Smith
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