A high-powered U.N. advisory body says global governance of artificial intelligence is “imperative” and is urging the United Nations to lay the foundations for the first inclusive global institutions to regulate the fast-growing technology.

The UN advisory body stated that global governance of artificial intelligence is essential. It urged the United Nations to lay the groundwork for the first inclusive global institutions to regulate rapidly evolving technologies,

A high-powered UN advisory body said Thursday that global governance of artificial intelligence is imperative and urged the United Nations to lay the foundations for the first inclusive global institutions to regulate the fast-growing technology.

AI development is accelerating — with some scientists suggesting machines will be more intelligent than the smartest humans within the next few years.

Technology stocks lost some of their luster on the market as heightened expectations about the proliferation of artificial intelligence (AI) technology put companies in this sector under pressure to deliver outsized growth each quarter.

The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology.

Several nations agreed to establish safety centers and agencies to develop AI policy that will coordinate with similar groups in allied nations to better align policy internationally.