Japan Govt Guidance For AI Will Not Be Legally Binding, And It Will Carry No Penalties For Noncompliance; Tokyo Is Hesitant To Impose Strict Controls, Given Speed At Which Generative Ai Is Being Developed; Intends Instead To Offer Norms For Businesses To Use When Developing And Using Generative AI
Portfolio Pulse from Happy Mohamed
The Japanese government's guidance for AI will not be legally binding and will carry no penalties for noncompliance. The government is hesitant to impose strict controls due to the rapid development of generative AI.
August 11, 2023 | 4:02 pm
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POSITIVE IMPACT
The Japanese government's decision not to impose strict regulations on AI development may encourage more innovation and growth in the sector, potentially benefiting companies in the iShares MSCI Japan ETF (EWJ).
The lack of strict regulations on AI development in Japan may encourage more companies to invest in and develop AI technologies. This could lead to growth in the sector, which could in turn benefit companies in the iShares MSCI Japan ETF (EWJ).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50