At a global summit on Tuesday, sixteen of the top AI companies pledged to responsibly advance the technology at a time when authorities are finding it difficult to keep up with the growing risks and the quick speed of innovation.
At a global summit on Tuesday, sixteen leading companies in the field of artificial intelligence made a commitment to advance the technology responsibly at a time when regulators are struggling to keep up with the rapid pace of innovation and growing hazards.
The U.S. giants in the industry, Google (GOOGL.O), Microsoft (MSFT.O), OpenAI, and Meta (META.O), were among the companies involved, along with businesses from China, South Korea, and the United Arab Emirates.
They were supported at a virtual summit convened by South Korean President Yoon Suk Yeol and British Prime Minister Rishi Sunak by a more comprehensive statement from the major economies of the Group of Seven (G7), the EU, Singapore, Australia, and South Korea.
According to the presidential office of South Korea, governments have decided to give safety, innovation, and inclusion in AI top priority.
Yoon stated, “We must ensure the safety of AI to… protect the wellbeing and democracy of our society,” bringing up worries about potential dangers like deepfake.
The significance of interoperability amongst governance frameworks, plans for a safety institute network, and involvement with international organizations to expand on consensus were highlighted by the participants at the inaugural conference in order to more effectively handle risks.
Businesses that also pledged to be safe included Zhipu.ai, which is supported by Xiaomi (1810.HK), Amazon (AMZN.O), IBM (IBM.N), Samsung Electronics (005930.KS), and China’s Alibaba (9988.HK), Tencent (0700.HK), and Meituan (3690.HK).
They pledged to provide governance and openness, to refrain from using models in which risks could not be adequately managed, and to publish safety standards for monitoring risks.
In response to the announcement, Beth Barnes, creator of METR, an organization supporting AI model safety, stated, “It’s vital to get international agreement on the red lines’ where AI development would become unacceptably dangerous to public safety.”
Yoshua Bengio, the “godfather of AI” and computer scientist, praised the agreements but pointed out that voluntary commitments would need to be supported by regulation.
According to Aidan Gomez, co-founder of the sizable language model company Cohere, since November, the focus of discussions on AI regulation has switched from longer-term apocalyptic possibilities to more realistic issues like how to use AI in industries like finance or medicine.
China did not attend the sumit on Tuesday but is scheduled to attend an in-person ministerial session on Wednesday, according to a South Korean presidential official. China co-signed the “Bletchley Agreement” on cooperatively managing AI risks during the first summit in November.
Elon Musk of Tesla, Eric Schmidt, the former CEO of Google, Jay Y. Lee, the chairman of Samsung Electronics, and other prominent figures in the AI business attended the gathering.
The officials announced that France will host the next summit.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
