Italy Implements Tougher Legislation to Fight AI Offenses

Italy is considering stricter punishments for crimes involving AI tools like market manipulation.

Every day, the global race for artificial intelligence intensifies, with nations increasingly grappling with the challenges posed by this rapidly developing and dynamic technology.

In spite of these obstacles, the Italian government made a key step forward today by considering the possibility of imposing more stringent punishments for crimes that involve the use of artificial intelligence tools.

These crimes include market manipulation and money laundering. With this decision, Italy has further established itself as one of the leading pioneers in the world, ensuring that the use of artificial intelligence is both safe and well-regulated.

In a draft bill consisting of 25 articles presented today, the Italian regulatory authorities rejected the idea of establishing general rules “on research, experimentation, development, adoption, and application” of artificial intelligence in Italy.

According to a study, this move aims to address “the impact of AI risks on fundamental rights,” as well as the economic and societal dangers associated with robotics technology.

The document’s openness to potential modifications is particularly noteworthy. Additionally, the document details intentions to include appropriate regulated technologies in the healthcare and judicial sectors, with an emphasis on the impact these tools have on job conditions.

Furthermore, it lays the foundation for a national AI policy, ensuring the secure and well-regulated implementation of AI, as previously discussed.

The draft specifies that the use of artificial intelligence for money laundering is considered an aggravating element on a national scale. The proposal also suggests harsher and more severe sanctions for market manipulation using AI tools.

Italy Joins The Race Alongside the U.S & U.K.

This further highlights the importance of implementing timely and smooth rules concerning artificial intelligence. Intriguingly, Italy is now in the same position as the United States and the United Kingdom in the worldwide race to build flawless legislation surrounding artificial intelligence.

The Italian regulatory authorities recently decided to strengthen their grip on offenses related to artificial. In a similar manner, the United States of America and the United Kingdom have signed a formal collaboration with the purpose of addressing concerns over artificial intelligence safety.