Maltese Government to Develop AI Strategy

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As per a report from the Malta Blockchain Summit, the government of Malta has announced the formation of a task force to form a national Artificial Intelligence (AI) strategy.

Mr. Silvio Schembri, the Junior Minister for Financial Services, Digital Economy and Innovation, announced the start of the governmental initiative ‘malta.ai,’ saying that Malta is aiming to become a top AI country. He stated that the country would form a friendly regulatory environment for AI much in the similar way as it has done for blockchain:

“After successfully placing Malta as the ‘Blockchain Island,’ by being the first in the world to regulate distributed ledger technology products and services, we now would like to put Malta amongst the top 10 nations in the world with an artificial intelligence policy.”

The government has now started a website for its national AI strategy. As per official statements at Malta Blockchain Summit, AI project will be watched by the Malta Digital Innovation Authority – the very organization that watches DLT. The government’s objectives are:

“to discuss with stakeholders, to create awareness of the key topics and problems that will inform a national AI Framework. Consult on a policy that considers for ethically aligned, transparent and socially competent AI, identify regulatory and fiscal measures to strengthen Malta’s appeal as a hub for foreign investment in this sector and recognize the underlying skill base and infrastructure required to support AI.”

Malta.ai will partner with SingularityNET, a decentralized marketplace for AI services, in a pilot project to explore ‘explore a citizenship test for robots in the process of outlining new regulation for AI.’

SingularityNET, which is working with renowned robot Sophia built by Hong Kong-based Hanson Robotics, has started its AGI token, with a total market capitalization reaching nearly $33 million as per CoinMarketCap.

Malta has gained a reputation as a proactive and friendly jurisdiction for blockchain and crypto-related business. The government stated its plan to make the nation a leader in DLT in February of this year.