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Malta to Develop AI Strategy Following Success as 'Blockchain Island' - Qoinbook News

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The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy, Cointelegraph reports Tuesday, Nov. 1 from the Malta Blockchain Summit. The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative "Malta.ai," "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 launched a website for its national AI strategy. According to official statements at the Malta Blockchain Summit, AI projects will be monitored by the Malta Digital Innovation Authority -- the same organization that monitors DLT.