Beijing is poised to implement sweeping new regulations for artificial intelligence services this week, trying to balance state control of the technology with enough support that its companies can become viable global competitors. The government issued 24 guidelines that require platform providers to register their services and conduct a security review before they're brought to market. Seven agencies will take responsibility for oversight, including the Cyberspace Administration of China and the National Development and Reform Commission. The final regulations are less onerous than an original draft from April, but they show China, like Europe, moving ahead with government oversight of what may be the most promising -- and controversial -- technology of the last 30 years. The U.S., by contrast, has no legislation under serious consideration even after industry leaders warned that AI poses a "risk of extinction" and OpenAI's Sam Altman urged Congress in public hearings to get involved.

The iShares Robotics and Artificial Intelligence ETF is weighted towards high-growth tech stocks like iQIYI and Kingsoft Cloud Holdings, which have struggled on the back of rising interest rates. New advances in the AI industry, however, could help to turn around the fund's performance. The iShares Robotics and Artificial Intelligence ETF [IRBO] has dropped in value by 31.7% in the last year. The fund, which has a large exposure in tech and emerging market companies, has been at a disadvantage this year as investors favour the stability of larger asset-heavy shares. Rising interest rates have also impacted the discounted valuations of the high-growth shares held within the fund.

As the United Arab Emirates (UAE) continues to transition from an oil-based economy to a more knowledge-based economy, artificial intelligence is expected to become one of the country's key sectors. The World Economic Forum estimates that artificial intelligence will add nearly $16 trillion to the global economy by 2030. The country's capital city boasts a burgeoning startup community, advanced machine-learning research facilities, and world-class educational institutions like the Khalifa University of Science and Technology (KU) and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). "These institutions help anchor Abu Dhabi's world-class AI ecosystem," said Dr. Ernesto Damiani, professor and senior director of Khalifa University's Robotics and Intelligent Systems Institute. "The ecosystem is also composed of several large companies that are invested in developing AI applications across a variety of verticals, from healthcare to energy."

There are few sectors of the stock market that are quite as exciting as the artificial intelligence sector. Eerily reminiscent of many works of science fiction, today's technological innovation has brought us smartphones, televisions, and even homes that talk to you, providing intelligent answers in seemingly no time flat! AI technology is quickly changing the way people do everything from order food to enjoy streaming entertainment, and as adoption of the technology continues, the opportunities in the space are only growing larger. It's no surprise to find intense investor interest in artificial intelligence stocks, but what exactly are the companies they represent doing, and should you be investing in them? Read on to learn more about this fast-evolving sector of the economy and how to go about investing in it.

One of the biggest areas where countries are vying for dominance is Artificial Intelligence, which is expected to have a huge impact not only in commerce but also in areas like health, national security, cybersecurity, food security, education, and global warming. Unfortunately, countries like USA and China are leaving India behind in terms of AI research, AI entrepreneurship and government investment in AI. AI Grand Challenges: The government can announce AI grand challenges that are open to teams from academia and industry that involve solves an important problem for India. The government's role in this would be to give a crisp problem definition, provide access to the data and of course provide a good cash prize. Such AI grand challenges will result in important problems getting solved, new startups and jobs, and capture the nation's imagination and give an impetus to the field of AI. Make it easier to access capital: One of the biggest challenges that startups face is early-stage funding. The government could announce a fund on the likes of Singapore's Temasek that will invest only in early-stage Indian AI startups. Also, the government could announce lower long term capital gain's tax for investing in AI-based startups. This will encourage more angel investment into AI start-ups. Improve AI talent in the country: While there are a lot of engineers being produced in India, we still lag behind other countries in terms of the number of AI PhDs and AI research. The government should make more research grants available for AI research and should also offer incentives to institutes that invest in AI training. Ease of doing Business: Government focus should be on bringing policies that encourage AI companies. There should be less red tape, more freedom from the government departments so that entrepreneurs can be focused on building solutions without unnecessary distractions.

Ocado and Google DeepMind executives are among a cohort of experts that have been called to advise the Government on how to boost the use of artificial intelligence in Britain. Paul Clarke, chief technology officer of the e-commerce company, and DeepMind co-founder Mustafa Suleyman will join the new lineup of the Government's AI council, an advisory group set up as part of a push to boost investment in the technology. Mastercard vice chairman Ann Cairns, Amazon machine learning director Neil Lawrence and Microsoft research lab director Chris Bishop are also among those who gained seats on the new council. The executives are expected to promote the use of AI by businesses in the UK and advise the Government about future public investments in the industry. The Government already set aside £3m for AI projects aimed at boosting productivity in financial and legal services last year as part of this effort.

Artificial intelligence offers limitless potential for the financial industry, but at Fortune's MPW International Summit on Tuesday Mastercard vice chairman Ann Cairns also called attention to some of its existential risks. Cairns had recently been in China, where she said it was clear to her that AI was taking off there in a big way--just as it has in Silicon Valley. The question, she says, is whether we will "perpetuate an East-West divide by having different philosophical views as we teach the computers how to think." This human element of AI is also why it's important to get more women into STEM, she said. Cairns, who became vice chairman of Mastercard (ma) earlier this month, noted that if we don't have a diverse group of people working on AI, "we're going to get computers that think like some bro culture on the West Coast."

Artificial intelligence offers limitless potential for the financial industry, but at Fortune's MPW International Summit on Tuesday Mastercard vice chairman Ann Cairns also called attention to some of its existential risks. Cairns had recently been in China, where she said it was clear to her that AI was taking off there in a big way--just as it has in Silicon Valley. The question, she says, is whether we will "perpetuate an East-West divide by having different philosophical views as we teach the computers how to think." This human element of AI is also why it's important to get more women into STEM, she said. Cairns, who became vice chairman of Mastercard (ma) earlier this month, noted that if we don't have a diverse group of people working on AI, "we're going to get computers that think like some bro culture on the West Coast."

The growth of the Artificial Intelligence (AI) sector is evident from the growing number of job roles in the industry. According to statistics from the job search engine Indeed, the start of this year had double the AI jobs advertised on its site than Canada experienced. Even for America, a country that will be at the forefront of the push to AI, the UK jobs advertised for the sector in the UK was in excess of 20% higher. For every one million UK jobs advertised on Indeed's website, 1,300 of them were for AI-related roles, which highlights the growing popularity of the sector, and the need to fill these roles. The government has made it clear that AI will play a huge role in the economy in future years; a tech sector deal worth £1 billion has been announced that is backed by a number of private sector organisations who will contribute approximately £300 million in funding.

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