Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Bristol Myers Faces $6.7 Billion Lawsuit After Judge Allows Key Shareholder Claims to Proceed 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Vietnam’s Growing Use of Chinese 5G Technology Raises Western Concerns 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
On Thursday, the US, Britain, and the European Union will sign the world’s first legally binding AI treaty. The agreement, developed by the Council of Europe, aims to address the human rights challenges posed by AI systems while promoting responsible innovation.
US, Britain, and EU to Sign Historic AI Agreement
Members of the European Union, the US, and the UK, among others, will be able to sign the first ever legally enforceable international AI treaty on Thursday, according to the Council of Europe's human rights organization.
Reuters reports that 57 nations met in May to ratify the AI Convention, a long-awaited document that promotes responsible innovation while addressing potential hazards posed by AI.
Britain Emphasizes Protecting Human Rights in AI
"This Convention is a major step to ensuring that these new technologies can be harnessed without eroding our oldest values, like human rights and the rule of law," stated Britain's justice minister Shabana Mahmood.
In contrast to the EU AI Act, which went into effect last month, the AI Convention is primarily concerned with safeguarding the human rights of individuals impacted by AI systems.
AI Act Governs EU’s Internal AI Market
The Artificial Intelligence Act of the European Union contains extensive rules on the creation, implementation, and utilization of AI systems within the internal market of the EU.
According to MSN, all twenty-seven member nations of the European Union are part of the 47-member Council of Europe, which was established in 1949 and is separate from the European Union. Its mission is to protect human rights.
Feasibility Study for AI Convention Began in 2019
The 2019 feasibility study of an AI framework convention was initiated by an ad hoc group; in 2022, a group on Artificial Intelligence was established to develop and negotiate the language.
To implement the provisions, the signatories are free to use legislative, administrative, or other means at their discretion.
The federal government of the United Kingdom has pledged to collaborate with devolved administrations, local governments, and regulators to properly execute its new regulations.
