{"id":80811,"date":"2023-11-05T01:59:07","date_gmt":"2023-11-05T05:59:07","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/analysis-ai-summit-a-start-but-global-agreement-a-distant-hope\/"},"modified":"2023-11-05T01:59:10","modified_gmt":"2023-11-05T06:59:10","slug":"analysis-ai-summit-a-start-but-global-agreement-a-distant-hope","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=80811","title":{"rendered":"Analysis-AI summit a start but global agreement a distant hope"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By Martin Coulter and Paul Sandle<\/p>\n<p>LONDON (Reuters) &#8211; British Prime Minister Rishi Sunak championed a series of landmark agreements after hosting the first artificial intelligence (AI) safety summit but a global plan for overseeing the technology remains a long way off.<\/p>\n<p>Over two days of talks between world leaders, business executives and researchers, tech CEOs such as Elon Musk and OpenAI&#8217;s Sam Altman rubbed shoulders with the likes of U.S. Vice President Kamala Harris and European Commission chief Ursula von der Leyen to discuss the future regulation of AI. <\/p>\n<p>Leaders from 28 nations \u2013 including China \u2013 signed the Bletchley Declaration, a joint statement acknowledging the technology&#8217;s risks; the U.S. and Britain both announced plans to launch their own AI safety institutes; and two more summits were announced to take place in South Korea and France next year. <\/p>\n<p>But while some consensus was reached on the need to regulate AI, disagreements remain over exactly how that should happen \u2013 and who will lead such efforts. <\/p>\n<p>Risks around rapidly-developing AI have been an increasingly high priority for policymakers since Microsoft-backed Open AI released ChatGPT to the public last year.<\/p>\n<p>The chatbot\u2019s unprecedented ability to respond to prompts with human-like fluency has led some experts to call for a pause in the development of such systems, warning they could gain autonomy and threaten humanity.<\/p>\n<p>Sunak talked of being &#8220;privileged and excited&#8221; to host Tesla-founder Musk, but European lawmakers warned of too much technology and data being held by a small number of companies in one country, the United States.<\/p>\n<p>&#8220;Having just one single country with all of the technologies, all of the private companies, all the devices, all the skills, will be a failure for all of us,&#8221; French Minister of the Economy and Finance Bruno Le Maire told reporters.<\/p>\n<p>The UK has also diverged from the EU by proposing light-touch approach to AI regulation, in contrast to Europe&#8217;s AI Act, which is close to being finalised and will bind developers of what are deemed &#8220;high risk&#8221; applications to stricter controls.<\/p>\n<p>&#8220;I came here to sell our AI Act,&#8221; Vera Jourova, Vice President of the European Commission. <\/p>\n<p>Jourova said, while she did not expect other countries to copy the bloc&#8217;s laws wholesale, some agreement on global rules was required.<\/p>\n<p>&#8220;If the democratic world will not be rule-makers, and we become rule-takers, the battle will be lost,&#8221; she said.<\/p>\n<p>While projecting an image of unity, attendees said<\/p>\n<p>the three main power blocs in attendance \u2013 the U.S., the EU,<\/p>\n<p>and China \u2013 tried to assert their dominance. <\/p>\n<p>Some suggested Harris had upstaged Sunak when the U.S. government announced its own AI safety institute \u2013 just as Britain had a week earlier \u2013 and she delivered a speech in London highlighting the technology\u2019s short-term risks, in contrast to the summit\u2019s focus on existential threats. <\/p>\n<p>&#8220;It was fascinating that just as we announced our AI safety institute, the Americans announced theirs,&#8221; said attendee Nigel Toon, CEO of British AI firm Graphcore. <\/p>\n<p>China&#8217;s presence at the summit and its decision to sign off on the &#8220;Bletchley Declaration&#8221; was trumpeted as a success by British officials.<\/p>\n<p>China\u2019s vice minister of science and technology said the country was willing to work with all sides on AI governance. <\/p>\n<p>Signalling tension between China and the West, however, Wu Zhaohui told delegates: &#8220;Countries regardless of their size and scale have equal rights to develop and use AI.&#8221;<\/p>\n<p>The Chinese minister participated in the ministerial roundtable on the Thursday, his ministry said. He did not participate in the public events on the second day, however.<\/p>\n<p>A recurring theme of the behind-closed-door discussions, highlighted by a number of attendees, was the potential risks of open-source AI, which gives members of the public free access to experiment with the code behind the technology. <\/p>\n<p>Some experts have warned that open-source models could be used by terrorists to create chemical weapons, or even create a super-intelligence beyond human control.<\/p>\n<p>Speaking with Sunak at a live event in London on Thursday, Musk said: &#8220;It will get to the point where you\u2019ve got open-source AI that will start to approach human-level intelligence, or perhaps exceed it. I don\u2019t know quite what to do about it.&#8221; <\/p>\n<p>Yoshua Bengio, an AI pioneer appointed to lead a &#8220;state of the science&#8221; report commissioned as part of the Bletchley Declaration, told Reuters the risks of open-source AI were a high priority. <\/p>\n<p>He said: &#8220;It could be put in the hands of bad actors, and it could be modified for malicious purposes. You can&#8217;t have the open-source release of these powerful systems, and still protect the public with the right guardrails.&#8221; <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/analysisai-summit-a-start-but-global-agreement-a-distant-hope-3221589\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. By Martin Coulter and Paul Sandle LONDON (Reuters) &#8211; British Prime Minister Rishi Sunak championed a series of landmark agreements after hosting the first artificial intelligence (AI) safety summit but a global plan for overseeing the technology remains a long way off. Over two days of talks between world leaders, business executives and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-80811","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysis-AI summit a start but global agreement a distant hope | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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