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G7 Countries Forge Common Principles on AI Risk Mitigation
The artificial intelligence sector is revisiting the idea of implementing specific watermarks and additional vetting measures. The G7 countries – Canada, France, Germany, Italy, Japan, the UK, and the USA – have presented 11 guiding principles for AI applications to tech companies. For now, following these guidelines is optional. BIS Leads Successful Test of International CBDCs
In a joint initiative, the Bank for International Settlements (BIS) and the central banks of Switzerland, France and Singapore have wrapped up a test focused on the cross-border exchange and settlement of wholesale digital currencies issued by central banks. 
The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin's Paris office due to concerns about the company's biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users' irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements. 
American Crypto Business? Welcome to France!
In late April, the European Parliament gave the green light to the Markets in Crypto Assets (MiCA) legislation. MiCA has emerged as the first-ever and most comprehensive package of standards and rules governing the crypto industry across EU nations. This development prompts us to ponder how the ripple effects of MiCA will be felt outside Europe. Can France Conquer the AI Landscape?
French media tycoon and billionaire Xavier Niel has made a substantial commitment to advancing France's AI initiatives. He's pledged €200 million, to be allocated across various areas. What's more, Niel is keen on encouraging French AI professionals who have ventured abroad to return to their roots. 
Germany's data watchdog has been scrutinizing the Worldcoin initiative since the previous year due to apprehensions concerning the extensive processing of confidential biometric information.
Currently, concerns have been raised about Sam Altman's project from the United Kingdom, France, and Germany. 
