Technology

Britain sets priorities for November global AI safety summit

Britain set out its objectives for its global artificial intelligence (AI) safety summit on Monday, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported.

The summit, which will be held on Nov. 1-2, will bring together tech executives, academics and political leaders as nations and international governing bodies seek to implement tools and agree laws that regulate the use of the technology.

It will focus “on risks created or significantly exacerbated by the most powerful AI systems,” the government said.

British Prime Minister Rishi Sunak has touted Britain as a global leader in AI regulation, and the government wants to accelerate investment in AI to improve productivity.

Tech expert Matt Clifford and former senior diplomat Jonathan Black have been appointed to lead preparations for the summit.

The two are rallying political leaders, AI companies and experts ahead of the event, which will be held at Bletchley Park in southern England.

At a meeting in May, Group of Seven (G7) leaders acknowledged the need for governance of AI and agreed to have ministers discuss the technology dubbed the Hiroshima AI process.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

71% of surveyed emerging-market firms use AI. How deeply are they adopting it?

Last year, we surveyed firms in emerging markets backed by private equity (PE) and venture…

1 day ago

Rising debt, shrinking buffers: The fiscal challenge facing commodity exporters

For commodity-exporting emerging market and developing economies (EMDEs), recent years have delivered something more unsettling…

1 day ago

Financing the AI boom: Winners and losers in corporate bond markets

The expansion of artificial intelligence has triggered a surge of investment and rising equity values…

1 day ago

Connecting payment systems, linking economies

Several countries are working to interlink their domestic fast payment systems in order to reduce…

1 day ago

At risk or responsive: Rethinking unemployment policy

Public services increasingly use predictive algorithms to direct scarce support towards those most at risk.…

1 day ago

Why downturns can make innovation greener

Green innovation is central for the transition to a low-carbon economy, but there are concerns…

1 day ago