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Malta to Work on AI After Success as “Blockchain Island”

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The government of Malta has declared the establishment of a taskforce to work on a national artificial intelligence (AI) strategy.

This is according to a report made by Cointelegraph during the Malta Blockchain Summit.

The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri conveyed the introduction of the governmental project called “Malta.ai,” declaring that Malta is looking to become a foremost country when it comes to AI. He remarked that the country would work on a friendly regulatory environment for AI in the same way as it has done for blockchain technology.

Schembri said:

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

The government has already introduced a website for its national AI strategy. According to official statements at the Malta Blockchain Summit, the Malta Digital Innovation Authority — the same group that monitors DLT — would oversee AI projects.

The government’s goals are as follows:

“…to dialogue with stakeholders, to build awareness of the key topics and issues that will inform a national AI Framework, consult on a policy that considers for ethically aligned, transparent and socially responsible AI, identify regulatory and fiscal measures to strengthen Malta’s appeal as a hub for foreign investment in this sector and identify the underlying skill base and infrastructure needed to support AI.”

Malta.ai would partner with with SingularityNET, a decentralized marketplace for AI services, in a pilot endeavor to “explore a citizenship test for robots in the process of drafting new regulation for AI.”

SingularityNET, which is collaborating with renowned robot Sophia built by Hong Kong-based Hanson Robotics, has introduced its own AGI token, with a total market capitalization reaching nearly $33 million.

Malta has already gotten a reputation as a proactive and warm jurisdiction for blockchain and crypto-related business. The government has made known its goal to make the country a leader in DLT earlier this year.

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