AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. Executives and experts attending the conference stressed the importance of establishing guardrails to AI to prevent threats to society and democracy. Last week, Britain published a paper known as the "Bletchley Declaration", agreed with 28 countries including U.S. and China, aimed at boosting global efforts to cooperate on AI safety. "We can build these common alphabet because it's very important to deal with higher level challenges on AI development, for example, the risk of AI used as weapons," he said.

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Persons: Dado Ruvic, Brando Benifei, Benifei, Joe Biden, Liz O'Sullivan, Supantha Mukherjee, Diane Bartz, Jeffrey Dastin, Diane Craft Organizations: REUTERS, Union, Reuters NEXT, U.S, Congress, National AI, Reuters, reuters, Thomson Locations: EU, New York, Britain, Bletchley, U.S, China, Stockholm, Washington, San Francisco