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.
The real estate industry can benefit from adopting artificial intelligence, and an event called trd-ai aims to provide insights and solutions for incorporating AI into various sectors of the industry.
Artificial intelligence should be used to build businesses rather than being just a buzzword in investor pitches, according to Peyush Bansal, CEO of Lenskart, who cited how the company used AI to predict revenue and make informed decisions about store locations.
Regulating artificial intelligence (AI) should be based on real market failures and a thorough cost-benefit analysis, as over-regulating AI could hinder its potential benefits and put the US at a disadvantage in the global race for AI leadership.
The integration of artificial intelligence (AI) is driving the growth of smart manufacturing, with the use of AI expected to enhance decision-making, optimize operations, and improve automation processes in factories, as well as complementing supply chain optimization and inventory management.
The increasing investment in generative AI and its disruptive impact on various industries has brought the need for regulation to the forefront, with technologists and regulators recognizing the importance of ensuring safer technological applications, but differing on the scope of regulation needed. However, it is argued that existing frameworks and standards, similar to those applied to the internet, can be adapted to regulate AI and protect consumer interests without stifling innovation.
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.
Artificial intelligence regulation varies across countries, with Brazil focusing on user rights and risk assessments, China emphasizing "true and accurate" content generation, the EU categorizing AI into three risk levels, Israel promoting responsible innovation and self-regulation, Italy allocating funds for worker support, Japan adopting a wait-and-see approach, and the UAE prioritizing AI development and integration.
Some companies in the Phoenix area are hiring due to the implementation of artificial intelligence (AI), challenging the notion that AI will replace human workers and negatively impact the job market.
A survey of 213 computer science professors suggests that a new federal agency should be created in the United States to govern artificial intelligence (AI), while the majority of respondents believe that AI will be capable of performing less than 20% of tasks currently done by humans.
The market for foundation models in artificial intelligence (AI) exhibits a tendency towards market concentration, which raises concerns about competition policy and potential monopolies, but also allows for better internalization of safety risks; regulators should adopt a two-pronged strategy to ensure contestability and regulation of producers to maintain competition and protect users.
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.
China's targeted and iterative approach to regulating artificial intelligence (AI) could provide valuable lessons for the United States, despite ideological differences, as the U.S. Congress grapples with comprehensive AI legislation covering various issues like national security, job impact, and democratic values. Learning from China's regulatory structure and process can help U.S. policymakers respond more effectively to the challenges posed by AI.
The AI industry should learn from the regulatory challenges faced by the crypto industry and take a proactive approach in building relationships with lawmakers, highlighting the benefits of AI technology, and winning public support through campaigns in key congressional districts and states.
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.
SoftBank is considering investing in artificial intelligence (AI) companies, including a potential investment in OpenAI, after the successful listing of its Arm unit.
The restaurant industry is increasingly incorporating artificial intelligence (AI) to reduce costs, enhance productivity, and improve customer experience.
A bipartisan group of senators is expected to introduce legislation to create a government agency to regulate AI and require AI models to obtain a license before deployment, a move that some leading technology companies have supported; however, critics argue that licensing regimes and a new AI regulator could hinder innovation and concentrate power among existing players, similar to the undesirable economic consequences seen in Europe.
A new poll reveals that 63% of American voters believe regulation should actively prevent the development of superintelligent AI, challenging the assumption that artificial general intelligence (AGI) should exist. The public is increasingly questioning the potential risks and costs associated with AGI, highlighting the need for democratic input and oversight in the development of transformative technologies.
The Pennsylvania state government is preparing to incorporate artificial intelligence into its operations, with plans to convene an AI governing board, develop training programs, and recruit AI experts, according to Democratic Gov. Josh Shapiro.
Real estate developer Gary Dillabough is pursuing the creation of an artificial intelligence incubator in downtown San Jose, with potential plans to bring in 40 or 50 AI startups, which could significantly boost the city's economy and establish it as a hub for AI development.
