Pope and U.S. regulators highlight risks of artificial intelligence – key information

• The Pope and US regulators are highlighting the risks of artificial intelligence to avoid its abuse and potential „technological dictatorship”.
• The Financial Stability Oversight Council (FSOC) in the U.S., led by Janet Yellen, warns of AI risks, including cyber security, and encourages better monitoring of the technology.
• British judges note the need for caution when using AI in the judiciary, especially in the context of legal analysis.
• Tether is working with the FBI to confirm the compliance of its operations, while KuCoin faces regulatory requirements in New York.
• The U.S. Internal Revenue Service has identified key cryptocurrency issues as priorities for 2023.

Pope Francis, as leader of the Catholic Church, is concerned about the possible dangers of artificial intelligence. His main message is the need for international regulations to control and oversee the development of AI. Without such regulations, there is a real risk that the technology will become a tool for abuse, leading to a situation that could be described as a „technological dictatorship”.

Also in the U.S., the Financial Stability Oversight Council (FSOC), headed by Treasury Secretary Janet Yellen, has stressed the importance of attention in the context of artificial intelligence. FSOC warns of potential dangers, such as cyber-security and potential risks associated with AI models. As a result, the organization is urging companies and regulators to deepen their knowledge and skills in monitoring and evaluating AI technologies.

In the British Isles, judges have also highlighted the challenges of using artificial intelligence in the judicial system. While the potential benefits of its use are recognized, such as the automation of certain administrative processes, judges emphasize the need for careful and responsible use of the technology, especially in the context of analyzing and interpreting the law.

In the world of cryptocurrencies, Tether has taken steps to confirm its compliance with current laws, engaging the Federal Bureau of Investigation (FBI). In contrast, KuCoin, a well-known cryptocurrency platform, has been faced with a significant fine and restrictions for New York State residents. In the context of the U.S. tax system, the U.S. Internal Revenue Service has highlighted several key cryptocurrency-related issues that have been identified as priorities for 2023.