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A group of leading companies including Mastercard, SoftBank and IBM have called on the G7 to create a new body to help co-ordinate how member states tackle issues ranging from artificial intelligence to cyber security. The Data and Technology Forum, would be modelled on the Financial Stability Board that was created after the 2008 financial crisis and provide recommendations on how tech governance can be co-ordinated internationally, rather than proposing firm regulations.
The proposal comes as countries’ approaches to tech policy are becoming increasingly divergent, creating problems of international co-operation, while concerns grow globally over issues such as privacy and data security. The 25 companies involved come from a broad range of sectors, including payment providers Visa and Nexi, carmakers Toyota and Mercedes and global healthcare company GlaxoSmithKline. Like the Basel-based FSB, which was set up to identify and address systemic risks in the financial system, the new body would provide a forum for tackling major challenges in the tech sector such as cross-border data transfers and the regulation of artificial intelligence.
https://www.ft.com/content/28891b9d-a301-40e6-8acc-59728ac8fcd8?sharetype=blocked
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