AI Ethics & Society News | Ethical Considerations for AI | AI News https://www.artificialintelligence-news.com/categories/ai-ethics-society/ Artificial Intelligence News Mon, 30 Oct 2023 10:18:15 +0000 en-GB hourly 1 https://www.artificialintelligence-news.com/wp-content/uploads/sites/9/2020/09/ai-icon-60x60.png AI Ethics & Society News | Ethical Considerations for AI | AI News https://www.artificialintelligence-news.com/categories/ai-ethics-society/ 32 32 Biden issues executive order to ensure responsible AI development https://www.artificialintelligence-news.com/2023/10/30/biden-issues-executive-order-responsible-ai-development/ https://www.artificialintelligence-news.com/2023/10/30/biden-issues-executive-order-responsible-ai-development/#respond Mon, 30 Oct 2023 10:18:14 +0000 https://www.artificialintelligence-news.com/?p=13798 President Biden has issued an executive order aimed at positioning the US at the forefront of AI while ensuring the technology’s safe and responsible use. The order establishes stringent standards for AI safety and security, safeguards Americans’ privacy, promotes equity and civil rights, protects consumers and workers, fosters innovation and competition, and enhances American leadership... Read more »

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President Biden has issued an executive order aimed at positioning the US at the forefront of AI while ensuring the technology’s safe and responsible use.

The order establishes stringent standards for AI safety and security, safeguards Americans’ privacy, promotes equity and civil rights, protects consumers and workers, fosters innovation and competition, and enhances American leadership on the global stage.

Key actions outlined in the order:

  1. New standards for AI safety and security: The order mandates that developers of powerful AI systems share safety test results and critical information with the U.S. government. Rigorous standards, tools, and tests will be developed to ensure AI systems are safe, secure, and trustworthy before public release. Additionally, measures will be taken to protect against the risks of using AI to engineer dangerous biological materials and combat AI-enabled fraud and deception.
  2. Protecting citizens’ privacy: The President calls on Congress to pass bipartisan data privacy legislation, prioritizing federal support for privacy-preserving techniques, especially those using AI. Guidelines will be developed for federal agencies to evaluate the effectiveness of privacy-preserving techniques, including those used in AI systems.
  3. Advancing equity and civil rights: Clear guidance will be provided to prevent AI algorithms from exacerbating discrimination, especially in areas like housing and federal benefit programs. Best practices will be established for the use of AI in the criminal justice system to ensure fairness.
  4. Standing up for consumers, patients, and students: Responsible use of AI in healthcare and education will be promoted, ensuring that consumers are protected from harmful AI applications while benefiting from its advancements in these sectors.
  5. Supporting workers: Principles and best practices will be developed to mitigate the harms and maximise the benefits of AI for workers, addressing issues such as job displacement, workplace equity, and health and safety. A report on AI’s potential labour-market impacts will be produced, identifying options for strengthening federal support for workers facing labour disruptions due to AI.
  6. Promoting innovation and competition: The order aims to catalyse AI research across the US, promote a fair and competitive AI ecosystem, and expand the ability of highly skilled immigrants and non-immigrants to study, stay, and work in the US to foster innovation in the field.
  7. Advancing leadership abroad: The US will collaborate with other nations to establish international frameworks for safe and trustworthy AI deployment. Efforts will be made to accelerate the development and implementation of vital AI standards with international partners and promote the responsible development and deployment of AI abroad to address global challenges.
  8. Ensuring responsible and effective government adoption: Clear standards and guidelines will be issued for government agencies’ use of AI to protect rights and safety. Efforts will be made to help agencies acquire AI products and services more rapidly and efficiently, and an AI talent surge will be initiated to enhance government capacity in AI-related fields.

The executive order signifies a major step forward in the US towards harnessing the potential of AI while safeguarding individuals’ rights and security.

“As we advance this agenda at home, the Administration will work with allies and partners abroad on a strong international framework to govern the development and use of AI,” wrote the White House in a statement.

“The actions that President Biden directed today are vital steps forward in the US’ approach on safe, secure, and trustworthy AI. More action will be required, and the Administration will continue to work with Congress to pursue bipartisan legislation to help America lead the way in responsible innovation.”

The administration’s commitment to responsible innovation is paramount and sets the stage for continued collaboration with international partners to shape the future of AI globally.

(Photo by David Everett Strickler on Unsplash)

See also: UK paper highlights AI risks ahead of global Safety Summit

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 comprehensive event is co-located with Cyber Security & Cloud Expo and Digital Transformation Week.

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UK paper highlights AI risks ahead of global Safety Summit https://www.artificialintelligence-news.com/2023/10/26/uk-paper-highlights-ai-risks-ahead-global-safety-summit/ https://www.artificialintelligence-news.com/2023/10/26/uk-paper-highlights-ai-risks-ahead-global-safety-summit/#respond Thu, 26 Oct 2023 15:48:59 +0000 https://www.artificialintelligence-news.com/?p=13793 The UK Government has unveiled a comprehensive paper addressing the capabilities and risks associated with frontier AI. UK Prime Minister Rishi Sunak has spoken today on the global responsibility to confront the risks highlighted in the report and harness AI’s potential. Sunak emphasised the need for honest dialogue about the dual nature of AI: offering... Read more »

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The UK Government has unveiled a comprehensive paper addressing the capabilities and risks associated with frontier AI.

UK Prime Minister Rishi Sunak has spoken today on the global responsibility to confront the risks highlighted in the report and harness AI’s potential. Sunak emphasised the need for honest dialogue about the dual nature of AI: offering unprecedented opportunities, while also posing significant dangers.

“AI will bring new knowledge, new opportunities for economic growth, new advances in human capability, and the chance to solve problems we once thought beyond us. But it also brings new dangers and new fears,” said Sunak.

“So, the responsible thing for me to do is to address those fears head-on, giving you the peace of mind that we will keep you safe while making sure you and your children have all the opportunities for a better future that AI can bring.

“Doing the right thing, not the easy thing, means being honest with people about the risks from these technologies.”

The report delves into the rapid advancements of frontier AI, drawing on numerous sources. It highlights the diverse perspectives within scientific, expert, and global communities regarding the risks associated with the swift evolution of AI technology. 

The publication comprises three key sections:

  1. Capabilities and risks from frontier AI: This section presents a discussion paper advocating further research into AI risk. It delineates the current state of frontier AI capabilities, potential future improvements, and associated risks, including societal harms, misuse, and loss of control.
  2. Safety and security risks of generative AI to 2025: Drawing on intelligence assessments, this report outlines the potential global benefits of generative AI while highlighting the increased safety and security risks. It underscores the enhancement of threat actor capabilities and the effectiveness of attacks due to generative AI development.
  3. Future risks of frontier AI: Prepared by the Government Office for Science, this report explores uncertainties in frontier AI development, future system risks, and potential scenarios for AI up to 2030.

The report – based on declassified information from intelligence agencies – focuses on generative AI, the technology underpinning popular chatbots and image generation software. It foresees a future where AI might be exploited by terrorists to plan biological or chemical attacks, raising serious concerns about global security.

Sjuul van der Leeuw, CEO of Deployteq, commented: “It is good to see the government take a serious approach, offering a report ahead of the Safety Summit next week however more must be done.

“An ongoing effort to address AI risks is needed and we hope that the summit brings much-needed clarity, allowing businesses and marketers to enjoy the benefits this emerging piece of technology offers, without the worry of backlash.”

The report highlights that generative AI could be utilised to gather knowledge on physical attacks by non-state violent actors, including creating chemical, biological, and radiological weapons.

Although companies are working to implement safeguards, the report emphasises the varying effectiveness of these measures. Obstacles to obtaining the necessary knowledge, raw materials, and equipment for such attacks are decreasing, with AI potentially accelerating this process.

Additionally, the report warns of the likelihood of AI-driven cyber-attacks becoming faster-paced, more effective, and on a larger scale by 2025. AI could aid hackers in mimicking official language, and overcome previous challenges faced in this area.

However, some experts have questioned the UK Government’s approach.

Rashik Parmar MBE, CEO of BCS, The Chartered Institute for IT, said: “Over 1,300 technologists and leaders signed our open letter calling AI a force for good rather than an existential threat to humanity.

“AI won’t grow up like The Terminator. If we take the proper steps, it will be a trusted co-pilot from our earliest school days to our retirement.

The AI Safety Summit will aim to foster healthy discussion around how to address frontier AI risks, encompassing misuse by non-state actors for cyberattacks or bioweapon design and concerns related to AI systems acting autonomously contrary to human intentions. Discussions at the summit will also extend to broader societal impacts, such as election disruption, bias, crime, and online safety.

Claire Trachet, CEO of Trachet, commented: “The fast-growing nature of AI has made it difficult for governments to balance creating effective regulation which safeguards the interest of businesses and consumers without stifling investment opportunities. Even though there are some forms of risk management and different reports coming out now, none of them are true coordinated approaches.

“The UK Government’s commitment to AI safety is commendable, but the criticism surrounding the summit serves as a reminder of the importance of a balanced, constructive, and forward-thinking approach to AI regulation.”

If the UK Government’s report is anything to go by, the need for collaboration around proportionate but rigorous measures to manage the risks posed by AI is more imperative than ever.

The global AI Safety Summit is set to take place at the historic Bletchley Park on 1 – 2 November 2023.

(Image Credit: GOV.UK)

See also: BSI: Closing ‘AI confidence gap’ key to unlocking benefits

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 comprehensive event is co-located with Cyber Security & Cloud Expo and Digital Transformation Week.

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

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Nightshade ‘poisons’ AI models to fight copyright theft https://www.artificialintelligence-news.com/2023/10/24/nightshade-poisons-ai-models-fight-copyright-theft/ https://www.artificialintelligence-news.com/2023/10/24/nightshade-poisons-ai-models-fight-copyright-theft/#respond Tue, 24 Oct 2023 14:49:13 +0000 https://www.artificialintelligence-news.com/?p=13779 University of Chicago researchers have unveiled Nightshade, a tool designed to disrupt AI models attempting to learn from artistic imagery. The tool – still in its developmental phase – allows artists to protect their work by subtly altering pixels in images, rendering them imperceptibly different to the human eye but confusing to AI models. Many... Read more »

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University of Chicago researchers have unveiled Nightshade, a tool designed to disrupt AI models attempting to learn from artistic imagery.

The tool – still in its developmental phase – allows artists to protect their work by subtly altering pixels in images, rendering them imperceptibly different to the human eye but confusing to AI models.

Many artists and creators have expressed concern over the use of their work in training commercial AI products without their consent.

AI models rely on vast amounts of multimedia data – including written material and images, often scraped from the web – to function effectively. Nightshade offers a potential solution by sabotaging this data.

When integrated into digital artwork, Nightshade misleads AI models, causing them to misidentify objects and scenes.

For instance, Nightshade transformed images of dogs into data that appeared to AI models as cats. After exposure to a mere 100 poison samples, the AI reliably generated a cat when asked for a dog—demonstrating the tool’s effectiveness.

This technique not only confuses AI models but also challenges the fundamental way in which generative AI operates. By exploiting the clustering of similar words and ideas in AI models, Nightshade can manipulate responses to specific prompts and further undermine the accuracy of AI-generated content.

Developed by computer science professor Ben Zhao and his team, Nightshade is an extension of their prior product, Glaze, which cloaks digital artwork and distorts pixels to baffle AI models regarding artistic style.

While the potential for misuse of Nightshade is acknowledged, the researchers’ primary objective is to shift the balance of power from AI companies back to artists and discourage intellectual property violations.

The introduction of Nightshade presents a major challenge to AI developers. Detecting and removing images with poisoned pixels is a complex task, given the imperceptible nature of the alterations.

If integrated into existing AI training datasets, these images necessitate removal and potential retraining of AI models, posing a substantial hurdle for companies relying on stolen or unauthorised data.

As the researchers await peer review of their work, Nightshade is a beacon of hope for artists seeking to protect their creative endeavours.

(Photo by Josie Weiss on Unsplash)

See also: UMG files landmark lawsuit against AI developer Anthropic

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 comprehensive event is co-located with Digital Transformation Week.

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UMG files landmark lawsuit against AI developer Anthropic https://www.artificialintelligence-news.com/2023/10/19/umg-files-landmark-lawsuit-ai-developer-anthropic/ https://www.artificialintelligence-news.com/2023/10/19/umg-files-landmark-lawsuit-ai-developer-anthropic/#respond Thu, 19 Oct 2023 15:54:37 +0000 https://www.artificialintelligence-news.com/?p=13770 Universal Music Group (UMG) has filed a lawsuit against Anthropic, the developer of Claude AI. This landmark case represents the first major legal battle where the music industry confronts an AI developer head-on. UMG – along with several other key industry players including Concord Music Group, ABKCO, Worship Together Music, and Plaintiff Capital CMG –... Read more »

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Universal Music Group (UMG) has filed a lawsuit against Anthropic, the developer of Claude AI.

This landmark case represents the first major legal battle where the music industry confronts an AI developer head-on. UMG – along with several other key industry players including Concord Music Group, ABKCO, Worship Together Music, and Plaintiff Capital CMG – is seeking $75 million in damages.

The lawsuit centres around the alleged unauthorised use of copyrighted music by Anthropic to train its AI models. The publishers claim that Anthropic illicitly incorporated songs from artists they represent into its AI dataset without obtaining the necessary permissions.

Legal representatives for the publishers have asserted that the action was taken to address the “systematic and widespread infringement” of copyrighted song lyrics by Anthropic.

The lawsuit, spanning 60 pages and posted online by The Hollywood Reporter, emphasises the publishers’ support for innovation and ethical AI use. However, they contend that Anthropic has violated these principles and must be held accountable under established copyright laws.

Anthropic, despite positioning itself as an AI ‘safety and research’ company, stands accused of copyright infringement without regard for the law or the creative community whose works underpin its services, according to the lawsuit.

In addition to the significant monetary damages, the publishers have demanded a jury trial. They also seek reimbursement for legal fees, the destruction of all infringing material, public disclosure of how Anthropic’s AI model was trained, and financial penalties of up to $150,000 per infringed work.

This latest lawsuit follows a string of legal battles between AI developers and creators. Each new case is worth observing to see the precedent that is set for future battles.

(Photo by Jason Rosewell on Unsplash)

See also: BSI: Closing ‘AI confidence gap’ key to unlocking benefits

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 comprehensive event is co-located with Digital Transformation Week.

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

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BSI: Closing ‘AI confidence gap’ key to unlocking benefits https://www.artificialintelligence-news.com/2023/10/17/bsi-closing-ai-confidence-gap-key-unlocking-benefits/ https://www.artificialintelligence-news.com/2023/10/17/bsi-closing-ai-confidence-gap-key-unlocking-benefits/#respond Tue, 17 Oct 2023 14:34:00 +0000 https://www.artificialintelligence-news.com/?p=13759 The UK’s potential to harness the benefits of AI in crucial sectors such as healthcare, food safety, and sustainability is under threat due to a significant “confidence gap” among the public. According to a study conducted by BSI, 54 percent of UK respondents expressed excitement about AI’s potential to revolutionise medical diagnoses and 43 percent... Read more »

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The UK’s potential to harness the benefits of AI in crucial sectors such as healthcare, food safety, and sustainability is under threat due to a significant “confidence gap” among the public.

According to a study conducted by BSI, 54 percent of UK respondents expressed excitement about AI’s potential to revolutionise medical diagnoses and 43 percent welcomed AI’s role in reducing food waste. However, there is a prevailing lack of trust.

This scepticism could hinder the integration of AI technologies in the NHS, which is currently grappling with challenges like the COVID-19 backlog and an ageing population. Almost half of Britons (49%) support the use of AI to alleviate pressure on the healthcare system and reduce waiting times. However, only 20 percent have more confidence in AI than humans in detecting food contamination issues.

The study also highlighted a pressing need for education, as 65 percent of respondents felt patients should be informed about the use of AI tools in diagnosis or treatment. 37 percent of respondents expect to use AI regularly in medical settings by 2030.

Craig Civil, Director of Data Science and AI at BSI, said:

“The magnitude of ways AI can shape the UK’s future means we are seeing some degree of hesitation of the unknown. This can be addressed by developing greater understanding and recognition that human involvement will always be needed if we are to make the best use of this technology, and by ensuring we have frameworks that are in place to govern its use and build trust.

Now is the moment for the UK to collaborate to balance the great power of this tool with the realities of actually using it in a credible, authentic, well-executed, and well-governed way.

Closing the confidence gap and building the appropriate checks and balances can enable us to make not just good but great use of AI in every area of life and society.”

60 percent believed consumers needed protections regarding AI technologies. The study also revealed that 61 percent of Britons are calling for international guidelines to ensure the safe use of AI. This demand reflects a global sentiment, with 50 percent of respondents highlighting the need for ethical safeguards on patient data use.

Harold Pradal, Chief Commercial Officer at BSI, commented:

“AI is a transformational technology. For it to be a powerful force for good, trust needs to be the critical factor. There is a clear opportunity to harness AI to drive societal impact, change lives, and accelerate progress towards a better future and a sustainable world.

Closing the AI confidence gap is the first necessary step, it has to be delivered through education to help realise AI’s benefits and shape Society 5.0 in a positive way.”

The study’s findings are a call to action for the UK, urging collaboration and the establishment of frameworks to govern AI’s use.

The UK Government, recognising the importance of safe AI implementation, is set to host a global AI Safety Summit at the historic Bletchley Park on 1-2 November 2023. BSI is an official partner for the much-anticipated event.

(Photo by Suad Kamardeen on Unsplash)

See also: UK reveals AI Safety Summit opening day agenda

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 comprehensive event is co-located with Digital Transformation Week.

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

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UK reveals AI Safety Summit opening day agenda https://www.artificialintelligence-news.com/2023/10/16/uk-reveals-ai-safety-summit-opening-day-agenda/ https://www.artificialintelligence-news.com/2023/10/16/uk-reveals-ai-safety-summit-opening-day-agenda/#respond Mon, 16 Oct 2023 15:02:01 +0000 https://www.artificialintelligence-news.com/?p=13754 The UK Government has unveiled plans for the inaugural global AI Safety Summit, scheduled to take place at the historic Bletchley Park. The summit will bring together digital ministers, AI companies, civil society representatives, and independent experts for crucial discussions. The primary focus is on frontier AI, the most advanced generation of AI models, which... Read more »

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The UK Government has unveiled plans for the inaugural global AI Safety Summit, scheduled to take place at the historic Bletchley Park.

The summit will bring together digital ministers, AI companies, civil society representatives, and independent experts for crucial discussions. The primary focus is on frontier AI, the most advanced generation of AI models, which – if not developed responsibly – could pose significant risks.

The event aims to explore both the potential dangers emerging from rapid advances in AI and the transformative opportunities the technology presents, especially in education and international research collaborations.

Technology Secretary Michelle Donelan will lead the summit and articulate the government’s position that safety and security must be central to AI advancements. The event will feature parallel sessions in the first half of the day, delving into understanding frontier AI risks.

Other topics that will be covered during the AI Safety Summit include threats to national security, potential election disruption, erosion of social trust, and exacerbation of global inequalities.

The latter part of the day will focus on roundtable discussions aimed at enhancing frontier AI safety responsibly. Delegates will explore defining risk thresholds, effective safety assessments, and robust governance mechanisms to enable the safe scaling of frontier AI by developers.

International collaboration will be a key theme, emphasising the need for policymakers, scientists, and researchers to work together in managing risks and harnessing AI’s potential for global economic and social benefits.

The summit will conclude with a panel discussion on the transformative opportunities of AI for the public good, specifically in revolutionising education. Donelan will provide closing remarks and underline the importance of global collaboration in adopting AI safely.

This event aims to mark a positive step towards fostering international cooperation in the responsible development and deployment of AI technology. By convening global experts and policymakers, the UK Government wants to lead the conversation on creating a safe and positive future with AI.

(Photo by Ricardo Gomez Angel on Unsplash)

See also: UK races to agree statement on AI risks with global leaders

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 comprehensive event is co-located with Digital Transformation Week.

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

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UK races to agree statement on AI risks with global leaders https://www.artificialintelligence-news.com/2023/10/10/uk-races-agree-statement-ai-risks-global-leaders/ https://www.artificialintelligence-news.com/2023/10/10/uk-races-agree-statement-ai-risks-global-leaders/#respond Tue, 10 Oct 2023 13:40:33 +0000 https://www.artificialintelligence-news.com/?p=13709 Downing Street officials find themselves in a race against time to finalise an agreed communique from global leaders concerning the escalating concerns surrounding artificial intelligence.  This hurried effort comes in anticipation of the UK’s AI Safety Summit scheduled next month at the historic Bletchley Park. The summit, designed to provide an update on White House-brokered... Read more »

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Downing Street officials find themselves in a race against time to finalise an agreed communique from global leaders concerning the escalating concerns surrounding artificial intelligence. 

This hurried effort comes in anticipation of the UK’s AI Safety Summit scheduled next month at the historic Bletchley Park.

The summit, designed to provide an update on White House-brokered safety guidelines – as well as facilitate a debate on how national security agencies can scrutinise the most dangerous versions of this technology – faces a potential hurdle. It’s unlikely to generate an agreement on establishing a new international organisation to scrutinise cutting-edge AI, apart from its proposed communique.

The proposed AI Safety Institute, a brainchild of the UK government, aims to enable national security-related scrutiny of frontier AI models. However, this ambition might face disappointment if an international consensus is not reached.

Claire Trachet, tech industry expert and CEO of business advisory Trachet, said:

“I think that this marks a very important moment for the UK, especially in terms of recognising that there are other players across Europe also hoping to catch up with the US in the AI space. It’s therefore essential that the UK continues to balance its drive for innovation with creating effective regulation that will not stifle the country’s growth prospects.

While the UK possesses the potential to be a frontrunner in the global tech race, concerted efforts are needed to strengthen the country’s position. By investing in research, securing supply chains, promoting collaboration, and nurturing local talent, the UK can position itself as a prominent player in shaping the future of AI-driven technologies.”

Currently, the UK stands as a key player in the global tech arena, with its AI market valued at over £16.9 billion and expected to soar to £803.7 billion by 2035, according to the US International Trade.

The British government’s commitment is evident through its £1 billion investment in supercomputing and AI research. Moreover, the introduction of seven new AI principles for regulation – focusing on accountability, access, diversity, choice, flexibility, fair dealing, and transparency – showcases the government’s dedication to fostering a robust AI ecosystem.

Despite these efforts, challenges loom as France emerges as a formidable competitor within Europe.

French billionaire Xavier Niel recently announced a €200 million investment in artificial intelligence, including a research lab and supercomputer, aimed at bolstering Europe’s competitiveness in the global AI race.

Niel’s initiative aligns with President Macron’s commitment, who announced €500 million in new funding at VivaTech to create new AI champions. Furthermore, France plans to attract companies through its own AI summit.

Claire Trachet acknowledges the intensifying competition between the UK and France, stating that while the rivalry adds complexity to the UK’s goals, it can also spur innovation within the industry. However, Trachet emphasises the importance of the UK striking a balance between innovation and effective regulation to sustain its growth prospects.

“In my view, if Europe wants to truly make a meaningful impact, they must leverage their collective resources, foster collaboration, and invest in nurturing a robust ecosystem,” adds Trachet.

“This means combining the strengths of the UK, France and Germany, to possibly create a compelling alternative in the next 10-15 years that disrupts the AI landscape, but again, this would require a heavily strategic vision and collaborative approach.”

(Photo by Nick Kane on Unsplash)

See also: Cyber Security & Cloud Expo: The alarming potential of AI-powered cybercrime

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 comprehensive event is co-located with Digital Transformation Week.

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

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JPMorgan CEO: AI will be used for ‘every single process’ https://www.artificialintelligence-news.com/2023/10/03/jpmorgan-ceo-ai-will-be-used-for-every-single-process/ https://www.artificialintelligence-news.com/2023/10/03/jpmorgan-ceo-ai-will-be-used-for-every-single-process/#respond Tue, 03 Oct 2023 14:20:44 +0000 https://www.artificialintelligence-news.com/?p=13664 In a recent Bloomberg interview, JPMorgan CEO Jamie Dimon unveiled his AI-driven vision for the financial industry. Dimon expressed his belief that AI has the potential to revolutionise every aspect of JPMorgan’s operations, from trading and hedging to research and error detection. He described AI as a “living, breathing thing,” capable of transforming traditional processes... Read more »

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In a recent Bloomberg interview, JPMorgan CEO Jamie Dimon unveiled his AI-driven vision for the financial industry.

Dimon expressed his belief that AI has the potential to revolutionise every aspect of JPMorgan’s operations, from trading and hedging to research and error detection. He described AI as a “living, breathing thing,” capable of transforming traditional processes and augmenting human capabilities.

Dimon’s enthusiasm for AI is grounded in its current applications within JPMorgan. He revealed that AI is already extensively used in equity hedging, idea generation, and large language models.

Despite the ongoing debate about the impact of AI on employment, Dimon remains pragmatic. He acknowledged that AI will replace certain jobs, but he emphasised that technology has historically led to job displacement and this evolution is a natural part of progress.

One of Dimon’s main concerns about AI technology revolves around its potential misuse by malicious actors, especially in cyberspace. He stressed the importance of establishing legal safeguards to prevent the misuse of AI.

Despite these concerns, Dimon remains optimistic about the positive impact of AI on the workforce and society. He highlighted the benefits of other technological breakthroughs, many of which can be further enhanced using AI.

“Your children will live to 100 and not have cancer because of technology, and they’ll probably be working three days a week. So technology’s done unbelievable things for mankind,” said Dimon.

Dimon outlined JPMorgan’s proactive approach to potential job displacement caused by AI implementation. He expressed the firm’s commitment to supporting employees who might be affected, stating that they plan to redeploy displaced workers in local branches or different functions within the company.

Dimon’s forward-thinking approach highlights the transformative power of AI in shaping the future of finance and other industries. However, it also reiterates the need for consideration of how to minimise negative impacts such as job displacement.

(Image Credit: Stuart Isett/Fortune Global Forum under CC BY-NC-ND 2.0 DEED license)

See also: Cyber Security & Cloud Expo: The alarming potential of AI-powered cybercrime

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 comprehensive event is co-located with Digital Transformation Week.

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UK deputy PM warns UN that AI regulation is falling behind advances https://www.artificialintelligence-news.com/2023/09/22/uk-deputy-pm-warns-un-ai-regulation-falling-behind-advances/ https://www.artificialintelligence-news.com/2023/09/22/uk-deputy-pm-warns-un-ai-regulation-falling-behind-advances/#respond Fri, 22 Sep 2023 09:24:44 +0000 https://www.artificialintelligence-news.com/?p=13630 In a stark address to the UN, UK Deputy PM Oliver Dowden has sounded the alarm on the potentially destabilising impact of AI on the world order. Dowden has urged governments to take immediate action to regulate AI development, warning that the rapid pace of advancement in AI technology could outstrip their ability to ensure... Read more »

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In a stark address to the UN, UK Deputy PM Oliver Dowden has sounded the alarm on the potentially destabilising impact of AI on the world order.

Dowden has urged governments to take immediate action to regulate AI development, warning that the rapid pace of advancement in AI technology could outstrip their ability to ensure its safe and responsible use.

Speaking at the UN General Assembly in New York, Dowden highlighted that the UK will host a global summit in November to discuss the regulation of AI. The summit aims to bring together international leaders, experts, and industry representatives to address the pressing concerns surrounding AI.

One of the primary fears surrounding unchecked AI development is the potential for widespread job displacement, the proliferation of misinformation, and the deepening of societal discrimination. Without adequate regulations in place, AI technologies could be harnessed to magnify these negative effects.

“The starting gun has been fired on a globally competitive race in which individual companies as well as countries will strive to push the boundaries as far and fast as possible,” Dowden cautioned during his address.

Dowden went on to note that the current state of global regulation lags behind the rapid advances in AI technology. Unlike the past, where regulations followed technological developments, Dowden stressed that rules must now be established in tandem with AI’s evolution.

Oseloka Obiora, CTO at RiverSafe, said: “Business leaders are jumping into bed with the latest AI trends at an alarming rate, with little or no concern for the consequences.

“With global regulatory standards falling way behind and the most basic cyber security checks being neglected, it is right for the government to call for new global standards to prevent the AI ticking timebomb from exploding.”

Dowden underscored the importance of ensuring that AI companies do not have undue influence over the regulatory process. He emphasised the need for transparency and oversight, stating that AI companies should not “mark their own homework.” Instead, governments and citizens should have confidence that risks associated with AI are being properly mitigated.

Moreover, Dowden highlighted that only coordinated action by nation-states could provide the necessary assurance to the public that significant national security concerns stemming from AI have been adequately addressed.

He also cautioned against oversimplifying the role of AI—noting that it can be both a tool for good and a tool for ill, depending on its application. During the UN General Assembly, the UK also pitched AI’s potential to accelerate development in the world’s most impoverished nations.

The UK’s initiative to host a global AI regulation summit signals a growing recognition among world leaders of the urgent need to establish a robust framework for AI governance. As AI technology continues to advance, governments are under increasing pressure to strike the right balance between innovation and safeguarding against potential risks.

Jake Moore, Global Cybersecurity Expert at ESET, comments: “The fear that AI could shape our lives in a completely new direction is not without substance, as the power behind the technology churning this wheel is potentially destructive. Not only could AI change jobs, it also has the ability to change what we know to be true and impact what we believe.   

“Regulating it would mean potentially stifling innovation. But even attempting to regulate such a powerful beast would be like trying to regulate the dark web, something that is virtually impossible. Large datasets and algorithms can be designed to do almost anything, so we need to start looking at how we can improve educating people, especially young people in schools, into understanding this new wave of risk.”

Dowden’s warning to the United Nations serves as a clarion call for nations to come together and address the challenges posed by AI head-on. The global summit in November will be a critical step in shaping the future of AI governance and ensuring that the world order remains stable in the face of unprecedented technological change.

(Image Credit: UK Government under CC BY 2.0 license)

See also: CMA sets out principles for responsible AI development 

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 comprehensive event is co-located with Digital Transformation Week.

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

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OpenAI reveals DALL-E 3 text-to-image model https://www.artificialintelligence-news.com/2023/09/21/openai-reveals-dall-e-3-text-to-image-model/ https://www.artificialintelligence-news.com/2023/09/21/openai-reveals-dall-e-3-text-to-image-model/#respond Thu, 21 Sep 2023 15:21:57 +0000 https://www.artificialintelligence-news.com/?p=13626 OpenAI has announced DALL-E 3, the third iteration of its acclaimed text-to-image model.  DALL-E 3 promises significant enhancements over its predecessors and introduces seamless integration with ChatGPT. One of the standout features of DALL-E 3 is its ability to better understand and interpret user intentions when confronted with detailed and lengthy prompts: "A middle-aged woman... Read more »

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OpenAI has announced DALL-E 3, the third iteration of its acclaimed text-to-image model. 

DALL-E 3 promises significant enhancements over its predecessors and introduces seamless integration with ChatGPT.

One of the standout features of DALL-E 3 is its ability to better understand and interpret user intentions when confronted with detailed and lengthy prompts:

Even if a user struggles to articulate their vision precisely, ChatGPT can step in to assist in crafting comprehensive prompts.

DALL-E 3 has been engineered to excel in creating elements that its predecessors and other AI generators have historically struggled with, such as rendering intricate depictions of hands and incorporating text into images:

OpenAI has also implemented robust security measures, ensuring the AI system refrains from generating explicit or offensive content by identifying and ignoring certain keywords in prompts.

Beyond technical advancements, OpenAI has taken steps to mitigate potential legal issues. 

While the current DALL-E version can mimic the styles of living artists, the forthcoming DALL-E 3 has been designed to decline requests to replicate their copyrighted works. Artists will also have the option to submit their original creations through a dedicated form on the OpenAI website, allowing them to request removal if necessary.

OpenAI’s rollout plan for DALL-E 3 involves an initial release to ChatGPT ‘Plus’ and ‘Enterprise’ customers next month. The enhanced image generator will then become available to OpenAI’s research labs and API customers in the upcoming fall season.

As OpenAI continues to push the boundaries of AI technology, DALL-E 3 represents a major step forward in text-to-image generation.

(Image Credit: OpenAI)

See also: Stability AI unveils ‘Stable Audio’ model for controllable audio generation

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 comprehensive event is co-located with Digital Transformation Week.

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

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