Artificial Intelligence: Tech Majors Agree To Voluntary AI Guardrails At White House Meeting

https://dailyalts.com/wp-content/uploads/2023/07/technology-gee1786977_640.jpg

“Companies that are developing these emerging technologies have a responsibility to ensure their products are safe,” the Biden administration said.

Seven major AI companies in the United States, including Amazon (NASDAQ: AMZN), Anthropic, Google (NASDAQ: GOOGL), Inflection, Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), and OpenAI, have voluntarily agreed to implement safeguards for the development of artificial intelligence. These safeguards focus on safety, security, and trust in AI technology. The announcement reflects the companies’ efforts to manage the risks associated with AI while competing to advance its potential. The seven major AI companies met with President Joe Biden on Friday.

“These commitments, which the companies have chosen to undertake immediately, underscore three principles that must be fundamental to the future of AI—safety, security, and trust—and mark a critical step toward developing responsible AI,” the White House said in a statement.

The voluntary commitments include security testing of AI products by independent experts, sharing information with governments to manage risks, implementing watermarks or identifiers for AI-generated content, publicly reporting system capabilities and limitations, and using AI to address societal challenges like cancer and climate change.

These commitments are considered an initial step by the Biden administration to address AI regulation, as more comprehensive legal and regulatory frameworks are being developed globally. However, it remains uncertain how the US government will control the accessibility of AI programs and components to competitors like China.

The voluntary safeguards will not be enforced by government regulators, but the companies hope they will serve as a model for other governments to follow.

Related Story:  Biden Administration Mulls Regulation Of AI Such As ChatGPT

Image by Gerd Altmann from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…