financetom
Business
financetom
/
Business
/
US to convene global AI safety summit in November
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US to convene global AI safety summit in November
Sep 21, 2024 9:30 PM

WASHINGTON (Reuters) - The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology.

Commerce Secretary Gina Raimondo and Secretary of State Anthony Blinken will host on Nov. 20-21 the first meeting of the International Network of AI Safety Institutes in San Francisco to "advance global cooperation toward the safe, secure, and trustworthy development of artificial intelligence."

The network members include Australia, Canada, the European Union, France, Japan, Kenya, South Korea, Singapore, Britain, and the United States.

Generative AI - which can create text, photos and videos in response to open-ended prompts - has spurred excitement as well as fears it could make some jobs obsolete, upend elections and potentially overpower humans and have catastrophic effects.

Raimondo in May announced the launch of the International Network of AI Safety Institutes during the AI Seoul Summit in May, where nations agreed to prioritize AI safety, innovation and inclusivity. The goal of the San Francisco meeting is to jumpstart technical collaboration before the AI Action Summit in Paris in February.

Raimondo said the aim is "close, thoughtful coordination with our allies and like-minded partners."

"We want the rules of the road on AI to be underpinned by safety, security, and trust," she added.

The San Francisco meeting will include technical experts from each member's AI safety institute, or equivalent government-backed scientific office, to discuss priority work areas, and advance global collaboration and knowledge sharing on AI safety.

Last week, the Commerce Department said it was proposing to require detailed reporting requirements for advanced AI developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks.

The regulatory push comes as legislative action in Congress on AI has stalled.

President Joe Biden in October 2023 signed an executive order requiring developers of AI systems posing risks to U.S. national security, the economy, public health or safety to share the results of safety tests with the U.S. government before they are publicly released.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Russia's Nornickel: Some EU clients refuse to buy produce made of Russian metal
Russia's Nornickel: Some EU clients refuse to buy produce made of Russian metal
Mar 29, 2024
MOSCOW, March 29 (Reuters) - Russian metals producer Nornickel, the world's largest producer of refined nickel and palladium, said on Friday that some in the European Union had refused to buy produce made with Russian metals. Nornickel's senior manager also said that many banks had refused to accept and transfer money for Russian products. ...
Russia's Nornickel says financial stability is priority, not dividends
Russia's Nornickel says financial stability is priority, not dividends
Mar 29, 2024
MOSCOW, March 29 (Reuters) - Russian metals producer Nornickel GMKN.MM, the world's largest producer of refined nickel and palladium, said on Friday that financial stability of the company was more important then dividends but shareholders had the final say on the matter. ...
US talks often with Congo's Gecamines on cobalt and copper, official says
US talks often with Congo's Gecamines on cobalt and copper, official says
Mar 29, 2024
WASHINGTON, March 29 (Reuters) - The United States speaks regularly with the Democratic Republic of Congo's state miner Gecamines, a senior State Department official told Reuters, as Washington seeks to deepen relationships with key suppliers of cobalt and copper across the African continent. WHY IT'S IMPORTANT Chinese aggressive investment across Congo, Zambia and elsewhere in Africa - which holds massive...
Panasonic to sell entire stake in autos business to Apollo Global-managed funds
Panasonic to sell entire stake in autos business to Apollo Global-managed funds
Mar 29, 2024
TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 billion yen ($2.06 billion), subject to adjustments at closing, which is expected by the end of the first quarter of 2025,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved