AI executives may be exaggerating the dangers of artificial intelligence in order to advance their own interests, according to an analysis of responses to proposed AI regulations.
Companies across various sectors discussed their use of artificial intelligence (AI) and how it could benefit their businesses during Q2 earnings calls, aiming to distract investors from lackluster Q2 results and highlight the potential for AI to boost earnings and sales in the future, according to Goldman Sachs analysts.
Professionals are optimistic about the impact of artificial intelligence (AI) on their productivity and view it as an augmentation to their work rather than a complete replacement, according to a report by Thomson Reuters, with concerns centered around compromised accuracy and data security.
The U.S. is falling behind in regulating artificial intelligence (AI), while Europe has passed the world's first comprehensive AI law; President Joe Biden recently met with industry leaders to discuss the need for AI regulation and companies pledged to develop safeguards for AI-generated content and prioritize user privacy.
Lawyers must trust their technology experts to determine the appropriate use cases for AI technology, as some law firms are embracing AI without understanding its limits or having defined pain points to solve.
AI-based tools are being widely used in hiring processes, but they pose a significant risk of exacerbating discrimination in the workplace, leading to calls for their regulation and the implementation of third-party assessments and transparency in their use.
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.
Artificial intelligence (AI) poses risks in the legal industry, including ethical dilemmas, reputational damage, and discrimination, according to legal technology experts. Instances of AI-generated content without proper human oversight could compromise the quality of legal representation and raise concerns about professional responsibility. Additionally, the Equal Employment Opportunity Commission (EEOC) recently settled a lawsuit involving discriminatory use of AI in the workplace, highlighting the potential for AI to discriminate. Maintaining trust and credibility is crucial in the reputation-reliant field of law, and disseminating AI-generated content without scrutiny may lead to reputational damage and legal consequences for lawyers or law firms. Other legal cases involving AI include allegations of copyright infringement.
Insurers in Florida are using aerial imagery and artificial intelligence to manage climate change risks, reduce fraud, and accurately assess property damage, as climate disasters increase in frequency and intensity. By leveraging historical imagery data, carriers can detect fraudulent claims and make more informed underwriting decisions, contributing to more affordable premiums for customers. Technological advancements, such as AI-based predictive analytics and improved aerial imagery resolution, enable insurers to respond effectively to natural disasters and allocate resources efficiently.
Corporate America is increasingly mentioning AI in its quarterly reports and earnings calls to portray its projects in a more innovative light, although regulators warn against deceptive use of the term.
A global survey by Salesforce indicates that consumers have a growing distrust of firms using AI, with concerns about unethical use of the technology, while an Australian survey found that most people believe AI creates more problems than it solves.
AI has the potential to revolutionize healthcare by shifting the focus from treating sickness to preventing it, leading to longer and healthier lives, lower healthcare costs, and improved outcomes.
The increasing adoption of AI in the workplace raises concerns about its potential impacts on worker health and well-being, as it could lead to job displacement, increased work intensity, and biased practices, highlighting the need for research to understand and address these risks.
The rapid integration of AI technologies into workflows is causing potential controversies and creating a "ticking time bomb" for businesses, as AI tools often produce inaccurate or biased content and lack proper regulations, leaving companies vulnerable to confusion and lawsuits.
Artificial intelligence (AI) has the potential to greatly improve health care globally by expanding access to health services, according to Google's chief health officer, Karen DeSalvo. Through initiatives such as using AI to monitor search queries for potential self-harm, as well as developing low-cost ultrasound devices and automated screening for tuberculosis, AI can address health-care access gaps and improve patient outcomes.
Artificial intelligence (AI) tools can put human rights at risk, as highlighted by researchers from Amnesty International on the Me, Myself, and AI podcast, who discuss scenarios in which AI is used to track activists and make automated decisions that can lead to discrimination and inequality, emphasizing the need for human intervention and changes in public policy to address these issues.
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.
The UK government is at risk of contempt of court if it fails to improve its response to requests for transparency about the use of artificial intelligence (AI) in vetting welfare claims, according to the information commissioner. The government has been accused of maintaining secrecy over the use of AI algorithms to detect fraud and error in universal credit claims, and it has refused freedom of information requests and blocked MPs' questions on the matter. Child poverty campaigners have expressed concerns about the potential devastating impact on children if benefits are suspended.
Companies are increasingly exploring the use of artificial intelligence (AI) in various areas such as sales/marketing, product development, and legal, but boards and board committees often lack explicit responsibility for AI oversight, according to a survey of members of the Society for Corporate Governance.
The use of AI in the entertainment industry, such as body scans and generative AI systems, raises concerns about workers' rights, intellectual property, and the potential for broader use of AI in other industries, infringing on human connection and privacy.
The digital transformation driven by artificial intelligence (AI) and machine learning will have a significant impact on various sectors, including healthcare, cybersecurity, and communications, and has the potential to alter how we live and work in the future. However, ethical concerns and responsible oversight are necessary to ensure the positive and balanced development of AI technology.
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 600 Floridians revealed that while many perceive advances in AI to be promising, there are significant concerns about its economic impact and implications for human security, with 75% expressing worry that AI could pose a risk to human safety and 54% fearing it could threaten their employment in the future.
AI-led automation is being used by healthcare institutions and insurance companies to speed up administrative tasks, such as retrieving insurance information and determining coverage for procedures, reducing the time spent on these processes and improving customer service.
The Supreme Court's "major questions doctrine" could hinder the regulation of artificial intelligence (AI) by expert agencies, potentially freezing investments and depriving funding from AI platforms that adhere to higher standards, creating uncertainty and hindering progress in the field.
The lack of regulation surrounding artificial intelligence in healthcare is a significant threat, according to the World Health Organization's European regional director, who highlights the need for positive regulation to prevent harm while harnessing AI's potential.
The Internal Revenue Service (IRS) plans to use artificial intelligence (AI) to crack down on tax schemes by wealthy individuals and businesses, with AI helping to identify patterns and trends to target large partnerships and high earners who may be shielding income or evading taxes.
Congressman Clay Higgins (R-LA) plans to introduce legislation prohibiting the use of artificial intelligence (AI) by the federal government for law enforcement purposes, in response to the Internal Revenue Service's recently announced AI-driven tax enforcement initiative.
AI is being used to transform the healthcare industry in New York while robots have the potential to revolutionize the beauty and cosmetics industry in California, as explained on "Eye on America" with host Michelle Miller.
Eight big tech companies, including Adobe, IBM, Salesforce, and Nvidia, have pledged to conduct more testing and research on the risks of artificial intelligence (AI) in a meeting with White House officials, signaling a "bridge" to future government action on the issue. These voluntary commitments come amidst congressional scrutiny and ongoing efforts by the White House to develop policies for AI.
Senators Richard Blumenthal and Josh Hawley are holding a hearing to discuss legislation on regulating artificial intelligence (AI), with a focus on protecting against potential dangers posed by AI and improving transparency and public trust in AI companies. The bipartisan legislation framework includes creating an independent oversight body, clarifying legal liability for AI harms, and requiring companies to disclose when users are interacting with AI models or systems. The hearing comes ahead of a major AI Insight Forum, where top tech executives will provide insights to all 100 senators.
Artificial intelligence (AI) in healthcare must adopt a more holistic approach that includes small data, such as lived experiences and social determinants of health, in order to address health disparities and biases in treatment plans.
Artificial Intelligence poses real threats due to its newness and rawness, such as ethical challenges, regulatory and legal challenges, bias and fairness issues, lack of transparency, privacy concerns, safety and security risks, energy consumption, data privacy and ownership, job loss or displacement, explainability problems, and managing hype and expectations.
Artificial intelligence (AI) will be highly beneficial for executives aiming to save money in various sectors such as banking, insurance, and healthcare, as it enables efficient operations, more accurate data usage, and improved decision-making.
The finance industry leads the way in AI adoption, with 48% of professionals reporting revenue increases and 43% reporting cost reductions as a result, while IT, professional services, and finance and insurance are the sectors with the highest demand for AI talent.
Artificial intelligence (AI) is transforming the real estate industry, providing convenience and improved accuracy in home buying and selling through various applications and algorithms; however, industry leaders emphasize the need for vigilance and oversight to avoid potential inaccuracies and misinformation.
The UK government is showing increased concern about the potential risks of artificial intelligence (AI) and the influence of the "Effective Altruism" (EA) movement, which warns of the existential dangers of super-intelligent AI and advocates for long-term policy planning; critics argue that the focus on future risks distracts from the real ethical challenges of AI in the present and raises concerns of regulatory capture by vested interests.
The Department of Homeland Security (DHS) has announced new policies for the use of artificial intelligence (AI) to secure the border, prioritizing rigorous testing, safeguarding privacy, and avoiding biases, while also allowing Americans to decline the use of facial recognition technology in certain situations.
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.
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.
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.
Pennsylvania state government is preparing to use artificial intelligence in its operations and is taking steps to understand and regulate its impact, including the formation of an AI governing board and the development of training programs for state employees.
The use of artificial intelligence for deceptive purposes should be a top priority for the Federal Trade Commission, according to three commissioner nominees at a recent confirmation hearing.
The use of third-party AI tools poses risks for organizations, with more than half of all AI failures coming from third-party tools, and companies are advised to expand responsible AI programs, properly evaluate third-party tools, prepare for regulation, engage CEOs in responsible AI efforts, and invest in responsible AI to reduce these risks.
