The decision comes after meetings between Prime Minister Rishi Sunak, US President Joe Biden, Congress, and business leaders.

“AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in a way that is safe and secure,” explained Sunak.

“No one country can do this alone. This is going to take a global effort. But with our vast expertise and commitment to an open, democratic international system, the UK will stand together with our allies to lead the way.”

The UK government believes that the country is the natural place to lead discussions due to hosting Europe’s largest AI industry, which is only behind the US and China on the world stage. 

The AI industry in the UK employs over 50,000 people and contributes more than £3.7 billion to the country’s economy. US tech giant Palantir announced today it will make the UK its new European HQ for AI development.

“We are proud to extend our partnership with the United Kingdom, where we employ nearly a quarter of our global workforce,” said Alexander C. Karp, CEO of Palantir.

“London is a magnet for the best software engineering talent in the world, and it is the natural choice as the hub for our European efforts to develop the most effective and ethical artificial intelligence software solutions available.”

The urgency to evaluate AI risks stems from increasing concerns about the potential existential threats posed by this technology. Earlier this week, an AI task force adviser to the UK prime minister issued a stark warning: AI will threaten humans in two years.

McKinsey, a global consulting firm, predicts that between 2016 and 2030, AI-related advancements could impact approximately 15 percent of the global workforce, potentially displacing 400 million workers worldwide. In response, global regulators are racing to establish new rules and regulations to mitigate these risks.

“The Global Summit on AI Safety will play a critical role in bringing together government, industry, academia and civil society, and we’re looking forward to working closely with the UK Government to help make these efforts a success,” said Demis Hassabis, CEO of UK-headquartered Google DeepMind.

The attendees of the upcoming summit have not been announced yet, but the UK government plans to bring together key countries, leading tech companies, and researchers to establish safety measures for AI.

Prime Minister Sunak aims to ensure that AI is developed and utilised in a manner that is safe and secure while maximising its potential to benefit humanity.

Sridhar Iyengar, MD of Zoho Europe, commented:

“Earlier this year, the whitepaper released in the UK highlighted the numerous advantages of artificial intelligence, emphasising its potential as a valuable tool for enhancing business operations.

With the government’s ongoing ambition to position the UK as a science and technology superpower by 2030, and coupled with Chancellor Jeremy Hunt reiterating his vision of making the UK the ‘next Silicon Valley’, the UK’s leading input here could be extremely helpful in achieving these goals.”

Iyengar emphasised the advantages of AI and its potential to enhance various aspects of business operations, from customer service to fraud detection, ultimately improving business efficiencies.

However, Iyengar stressed the need for a global regulatory framework supported by public trust to fully harness the power of AI and achieve optimal outcomes for all stakeholders.

The European Union is already working on an Artificial Intelligence Act but it could take up to two-and-a-half years to come into effect. China, meanwhile, has also started drafting AI regulations, including proposals to require companies to notify users when an AI algorithm is being used.

These ongoing efforts highlight the global recognition of the need for comprehensive regulations and guidelines to manage AI’s impact effectively.

“To fully harness the power of AI and ensure optimal outcomes for all stakeholders, a global regulatory framework supported by public trust is essential,” added Iyengar.

“As AI becomes increasingly integrated into our daily lives, adopting a unified approach to regulations becomes crucial.”

The UK’s decision to host a global AI safety measure summit demonstrates its commitment to proactively addressing the risks associated with AI. As the world grapples with the challenges posed by AI, global cooperation and unified regulatory approaches will be vital to shaping the future of this transformative technology.

(Image Credit: No 10 Downing Street)

Related: AI leaders warn about ‘risk of extinction’ in open letter

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The event is co-located with Digital Transformation Week.

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“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” reads the statement.

Signatories of the statement include renowned researchers and Turing Award winners like Geoffery Hinton and Yoshua Bengio, as well as executives from OpenAI and DeepMind, such as Sam Altman, Ilya Sutskever, and Demis Hassabis.

The CAIS letter aims to spark discussions about the various urgent risks associated with AI and has attracted both support and criticism across the wider industry. It follows another open letter signed by Elon Musk, Steve Wozniak, and over 1,000 other experts who called for a halt to “out-of-control” AI development.

Despite its brevity, the latest statement does not provide specific details about the definition of AI or offer concrete strategies for mitigating the risks. However, CAIS clarified in a press release that its goal is to establish safeguards and institutions to ensure that AI risks are effectively managed.

OpenAI CEO Sam Altman has been actively engaging with global leaders and advocating for AI regulations. During a recent Senate appearance, Altman repeatedly called on lawmakers to heavily regulate the industry. The CAIS statement aligns with his efforts to raise awareness about the dangers of AI.

While the open letter has garnered attention, some experts in AI ethics have criticised the trend of issuing such statements.

Dr Sasha Luccioni, a machine-learning research scientist, suggests that mentioning hypothetical risks of AI alongside tangible risks like pandemics and climate change enhances its credibility while diverting attention from immediate issues like bias, legal challenges, and consent.

Daniel Jeffries, a writer and futurist, argues that discussing AI risks has become a status game in which individuals jump on the bandwagon without incurring any real costs.

Critics believe that signing open letters about future threats allows those responsible for current AI harms to alleviate their guilt while neglecting the ethical problems associated with AI technologies already in use.

However, CAIS – a San Francisco-based nonprofit – remains focused on reducing societal-scale risks from AI through technical research and advocacy. The organisation was co-founded by experts with backgrounds in computer science and a keen interest in AI safety.

While some researchers fear the emergence of a superintelligent AI that could surpass human capabilities and pose an existential threat, others argue that signing open letters about hypothetical doomsday scenarios distracts from the existing ethical dilemmas surrounding AI. They emphasise the need to address the real problems AI poses today, such as surveillance, biased algorithms, and the infringement of human rights.

Balancing the advancement of AI with responsible implementation and regulation remains a crucial task for researchers, policymakers, and industry leaders alike.

(Photo by Apolo Photographer on Unsplash)

Related: OpenAI CEO: AI regulation ‘is essential’

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The event is co-located with Digital Transformation Week.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

The post AI leaders warn about ‘risk of extinction’ in open letter appeared first on AI News.

UN high commissioner for human rights Michelle Bachelet acknowledged that AI can be a “force for good” but that it could also have “negative, even catastrophic, effects” if the risks It poses are not addressed.

Bachelet’s comments come alongside a new report from the Office of the High Commissioner for Human Rights (OHCHR).

The report analyses how AI affects people’s rights to privacy, health, education, freedom of movement, amongst other things.

“Artificial intelligence now reaches into almost every corner of our physical and mental lives and even emotional states. AI systems are used to determine who gets public services, decide who has a chance to be recruited for a job, and of course they affect what information people see and can share online,” Bachelet said.

Both the report and Bachelet’s comments follow the July revelations surrounding Pegasus spyware, which the UN rights chief described as part of the “unprecedented level of surveillance” being seen across the globe currently.

Bachelet insisted this situation is “incompatible” with human rights.

Now, in a similar vein, the OHCHR has turned its attention to AI.

According to the report, states and organisations often fail to carry out due diligence when rushing to build AI applications, leading to unjust treatment of individuals as a result of AI decision-making.

What’s more, data used to inform and guide AI systems can be faulty or discriminatory, and when stored for long periods of time could someday be exploited through yet unknown means.

“Given the rapid and continuous growth of AI, filling the immense accountability gap in how data is collected, stored, shared and used is one of the most urgent human rights questions we face,” Bachelet noted.

“The power of AI to serve people is undeniable, but so is AI’s ability to feed human rights violations at an enormous scale with virtually no visibility. Action is needed now to put human rights guardrails on the use of AI, for the good of all of us,” she stressed.

Find out more about Digital Transformation Week North America, taking place on 9-10 November 2021, a virtual event and conference exploring advanced DTX strategies for a ‘digital everything’ world.

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