Italy gauges its level of advancement. On Monday, the Digital Economy Centre (CED) unveiled its annual report with a heavy focus on frontier technologies and the Italian economy, mapping its strengths and weaknesses as the global AI race intensifies.

It did so at the Italian Ministry for Enterprise and Made in Italy, headed by Minister Adolfo Urso, who promised that the Italian government would lead the way on AI governance during Rome’s presidency of the G-7 in 2024.Italy, France and Germany reached an agreement on future AI regulation on Saturday, which is expected to accelerate the development of the European Union’s AI Act.