Artificial intelligence (AI) has the potential to deliver significant productivity gains, but its current adoption may further consolidate the dominance of Big Tech companies, raising concerns among antitrust authorities.
Microsoft's report on governing AI in India provides five policy suggestions while emphasizing the importance of ethical AI, human control over AI systems, and the need for multilateral frameworks to ensure responsible AI development and deployment worldwide.
Britain will host an international summit in November to explore how artificial intelligence can be safely developed, aiming to tackle the risks and ensure its safe and responsible development.
The United Kingdom plans to spend £100 million on computer chips for artificial intelligence (AI) systems to establish itself as a global leader in the industry, although experts believe the investment might not be sufficient to compete with other nations.
Microsoft President Brad Smith advocates for the need of national and international regulations for Artificial Intelligence (AI), emphasizing the importance of safeguards and laws to keep pace with the rapid advancement of AI technology. He believes that AI can bring significant benefits to India and the world, but also emphasizes the responsibility that comes with it. Smith praises India's data protection legislation and digital public infrastructure, stating that India has become one of the most important countries for Microsoft. He also highlights the necessity of global guardrails on AI and the need to prioritize safety and building safeguards.
The rise of AI presents both risks and opportunities, with job postings in the AI domain increasing and investments in the AI space continuing, making it an attractive sector for investors.
Nigeria is inviting scientists of Nigerian heritage and globally renowned AI experts to collaborate in formulating its National AI Strategy, recognizing the potential of AI in shaping innovative tech solutions for national challenges.
Artificial intelligence (AI) leaders Palantir Technologies and Nvidia are poised to deliver substantial rewards to their shareholders as businesses increasingly seek to integrate AI technologies into their operations, with Palantir's advanced machine-learning technology and customer growth, as well as Nvidia's dominance in the AI chip market, positioning both companies for success.
The UK government has been urged to introduce new legislation to regulate artificial intelligence (AI) in order to keep up with the European Union (EU) and the United States, as the EU advances with the AI Act and US policymakers publish frameworks for AI regulations. The government's current regulatory approach risks lagging behind the fast pace of AI development, according to a report by the science, innovation, and technology committee. The report highlights 12 governance challenges, including bias in AI systems and the production of deepfake material, that need to be addressed in order to guide the upcoming global AI safety summit at Bletchley Park.
SAP has appointed Walter Sun as Global Head of Artificial Intelligence, where he will be responsible for strengthening the company's AI vision for business and driving technological innovation.
Northern Ireland has the potential to become a testing ground for artificial intelligence (AI) in the UK, with Belfast-based IT firm Kainos leading the way by investing £10m in the development of generative AI technology; experts believe that more companies in the region will follow suit. The head of The Software Alliance described this investment as a "super statement of intent" and believes that Northern Ireland could be a strong hub for AI research and innovation. The region already has clusters of research in various AI fields, including cybersecurity, medicine, robotics, and economics.
The rise of artificial intelligence (AI) is a hot trend in 2023, with the potential to add trillions to the global economy by 2030, and billionaire investors are buying into AI stocks like Nvidia, Meta Platforms, Okta, and Microsoft.
Britain has outlined its objectives for its global AI safety summit, with a focus on understanding the risks of AI and supporting national and international frameworks, bringing together tech executives, academics, and political leaders.
UK Prime Minister Rishi Sunak, the first Indian-origin prime minister of Britain, expressed his pride in his Indian roots and his strong connection to India and its people, emphasizing that the relationship between the UK and India will shape the future of both countries; he also highlighted the importance of a trade deal and the joint efforts to combat pro-Khalistan extremism.
Google CEO Sundar Pichai believes that AI will be the biggest technological shift of our lifetimes and may be even bigger than the internet itself, as Google focuses more on AI after the rise of generative AI threatened its core business.
India is set to become a global AI powerhouse, as companies like Reliance Industries and Tata Group partner with NVIDIA to bring AI technology and skills to the country to address its greatest challenges.
Google CEO Sundar Pichai discusses Google's focus on artificial intelligence (AI) in an interview, expressing confidence in Google's AI capabilities and emphasizing the importance of responsibility, innovation, and collaboration in the development and deployment of AI technology.
The G20 member nations have pledged to use artificial intelligence (AI) in a responsible manner, addressing concerns such as data protection, biases, human oversight, and ethics, while also planning for the future of cryptocurrencies and central bank digital currencies (CBDCs).
Countries around the world, including Australia, China, the European Union, France, G7 nations, Ireland, Israel, Italy, Japan, Spain, the UK, the UN, and the US, are taking various steps to regulate artificial intelligence (AI) technologies and address concerns related to privacy, security, competition, and governance.
Mustafa Suleyman, CEO of Inflection.ai and co-founder of DeepMind, believes that artificial intelligence (AI) has the potential to make us all smarter and more productive, rather than making us collectively dumber, and emphasizes the need to maximize the benefits of AI while minimizing its harms. He also discusses the importance of containing AI and the role of governments and commercial pressures in shaping its development. Suleyman views AI as a set of tools that should remain accountable to humans and be used to serve humanity.
Artificial intelligence (AI) is poised to be the biggest technological shift of our lifetimes, and companies like Nvidia, Amazon, Alphabet, Microsoft, and Tesla are well-positioned to capitalize on this AI revolution.
Artificial intelligence experts at the Forbes Global CEO Conference in Singapore expressed optimism about AI's future potential in enhancing various industries, including music, healthcare, and education, while acknowledging concerns about risks posed by bad actors and the integration of AI systems that emulate human cognition.
Artificial intelligence (AI) has the potential to democratize game development by making it easier for anyone to create a game, even without deep knowledge of computer science, according to Xbox corporate vice president Sarah Bond. Microsoft's investment in AI initiatives, including its acquisition of ChatGPT company OpenAI, aligns with Bond's optimism about AI's positive impact on the gaming industry.
AI has the potential to fundamentally change governments and society, with AI-powered companies and individuals usurping traditional institutions and creating a new world order, warns economist Samuel Hammond. Traditional governments may struggle to regulate AI and keep pace with its advancements, potentially leading to a loss of global power for these governments.
Artificial intelligence (AI) is predicted to generate a $14 trillion annual revenue opportunity by 2030, causing billionaires like Seth Klarman and Ken Griffin to buy stocks in AI companies such as Amazon and Microsoft, respectively.
The Biden-Harris Administration has secured commitments from eight leading AI companies, including Adobe, IBM, and Salesforce, to advance the development of safe, secure, and trustworthy AI and bridge the gap to government action, emphasizing principles of safety, security, and trust.
UK Prime Minister Rishi Sunak acknowledges the threat posed by China's Communist regime and promises to take necessary steps to protect the country from foreign state activity, in response to a critical report on the UK's China strategy by Parliament's Intelligence and Security Committee.
The UK government plans to build a powerful supercomputer named Isambard-AI at the University of Bristol to drive AI research and ensure the safe use of the technology.
Eight new technology companies, including Adobe, IBM, Nvidia, Palantir, and Salesforce, have made voluntary commitments on artificial intelligence (AI) to drive safe and secure development while working towards comprehensive regulation, according to a senior Biden administration official. The commitments include outside testing of AI systems, cybersecurity measures, information sharing, research on societal risks, and addressing society's challenges. The White House is partnering with the private sector to harness the benefits of AI while managing the risks.
The UK's upcoming AI summit will focus on national security threats posed by advanced AI models and the doomsday scenario of AI destroying the world, gaining traction in other Western capitals.
Artificial intelligence (AI) requires leadership from business executives and a dedicated and diverse AI team to ensure effective implementation and governance, with roles focusing on ethics, legal, security, and training data quality becoming increasingly important.
The geography of AI, particularly the distribution of compute power and data centers, is becoming increasingly important in global economic and geopolitical competition, raising concerns about issues such as data privacy, national security, and the dominance of tech giants like Amazon. Policy interventions and accountability for AI models are being urged to address the potential harms and issues associated with rapid technological advancements. The UK's Competition and Markets Authority has also warned about the risks of industry consolidation and the potential harm to consumers if a few firms gain market power in the AI sector.
Representatives from several countries and companies announced commitments to harness the power of artificial intelligence (AI) to advance progress in achieving the United Nations' Sustainable Development Goals (SDGs) during a ministerial side event at the United Nations' 78th Session High Level Week. These commitments focused on using AI to address issues related to health, education, food security, energy, and climate action, with an emphasis on inclusive and responsible governance of AI.
Britain has invited China to its global AI summit in November with the goal of becoming a global leader in AI regulation, as Prime Minister Rishi Sunak believes that excluding China could hinder the country's ability to address the risks posed by AI technology.
Governments worldwide are grappling with the challenge of regulating artificial intelligence (AI) technologies, as countries like Australia, Britain, China, the European Union, France, G7 nations, Ireland, Israel, Italy, Japan, Spain, the United Nations, and the United States take steps to establish regulations and guidelines for AI usage.
The World Economic Forum's "The Future of Jobs Report 2023" highlights that AI and machine learning specialists are in high demand, followed by sustainability specialists, business intelligence analysts, and information security analysts, as the fastest-growing roles driven by technology, digitalization, and sustainability.
The United States must prioritize global leadership in artificial intelligence (AI) and win the platform competition with China in order to protect national security, democracy, and economic prosperity, according to Ylli Bajraktari, the president and CEO of the Special Competitive Studies Project and former Pentagon official.
President Joe Biden addressed the United Nations General Assembly, expressing the need to harness the power of artificial intelligence for good while safeguarding citizens from its potential risks, as U.S. policymakers explore the proper regulations and guardrails for AI technology.
While many experts are concerned about the existential risks posed by AI, Mustafa Suleyman, cofounder of DeepMind, believes that the focus should be on more practical issues like regulation, privacy, bias, and online moderation. He is confident that governments can effectively regulate AI by applying successful frameworks from past technologies, although critics argue that current internet regulations are flawed and insufficiently hold big tech companies accountable. Suleyman emphasizes the importance of limiting AI's ability to improve itself and establishing clear boundaries and oversight to ensure enforceable laws. Several governments, including the European Union and China, are already working on AI regulations.
The United Nations is considering the establishment of a new agency to govern artificial intelligence (AI) and promote international cooperation, as concerns grow about the risks and challenges associated with AI development, but some experts express doubts about the support and effectiveness of such a global initiative.
