The countries that make up the G7 have asked their finance ministers and central bank governors to carry out specific evaluation and monitoring work on the consequences that artificial intelligence (AI) may generate in their economies, during the summit held this Monday in the French town of Évian-les-Vains.
"We request our finance ministers and central bank governors to, in coordination with financial supervisors and representatives of global financial institutions and technology companies, deepen the analysis of emerging opportunities and potential risks arising from artificial intelligence," states a communiqué published after the meeting.
The representatives of the seven most industrialized economies on the planet have underlined the need to identify all the implications, both beneficial and detrimental, that AI may bring to the financial system, productivity, and the evolution of labor markets.
In this regard, they have commissioned the G7 cybersecurity specialist group to identify best practices in the use of AI and to strengthen information exchange between cybersecurity authorities and competent institutions in the various G7 groups, in light of the "recent advances in cutting-edge artificial intelligence models."
At the same time, the participants in the G7 meeting have agreed to closely monitor the progress of quantum technologies, in order to prepare the financial system for the risks and opportunities that may arise from their implementation.
The rapid development of AI has already set off alarms in the financial sphere and in numerous governments globally. The European Commission and the European Central Bank (ECB) have begun to gather data on possible risks, especially after the launch of the Claude Mythos model, whose developing company, Anthropic, has restricted public access for now to allow authorities and bodies to analyze its effects and equip themselves with protection mechanisms.
In parallel, different institutions are also studying the impact of AI on employment and the labor market, both in terms of productivity gains and its possible consequences on jobs.