By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Leading tech companies sign AI safety pledges
News

Leading tech companies sign AI safety pledges

News Room
Last updated: 2024/05/21 at 8:29 AM
By News Room
Share
5 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.

Leading artificial intelligence companies have signed up to a new round of voluntary commitments on AI safety, the UK and South Korean governments have announced.

The companies, which include tech giants Amazon, Google, Meta and Microsoft as well as Sam Altman-led OpenAI, Elon Musk’s xAI and Chinese developer Zhipu AI, will publish frameworks outlining how they will measure the risks of their “frontier” AI models.

The groups committed “not to develop or deploy a model at all” if severe risks could not be mitigated, the two governments said ahead of the opening of a global AI summit in Seoul on Tuesday.

The announcement builds on the so-called Bletchley Declaration made at the inaugural AI Safety Summit hosted by UK Prime Minister Rishi Sunak in November.

“These commitments ensure the world’s leading AI companies will provide transparency and accountability on their plans to develop safe AI,” Sunak said in a statement. “It sets a precedent for global standards on AI safety that will unlock the benefits of this transformative technology.”

According to a communique outlining the agreement, the AI companies will “assess the risks posed by their frontier models or systems . . . including before deploying that model or system, and, as appropriate, before and during training”.

The companies will also set out the “thresholds at which severe risks posed by a model or system, unless adequately mitigated, would be deemed intolerable” and how such mitigations will be implemented.

“The field of AI safety is quickly evolving and we are particularly glad to endorse the commitments’ emphasis on refining approaches alongside the science,” said Anna Makanju, vice-president of global affairs at OpenAI.

“We remain committed to collaborating with other research labs, companies, and governments to ensure AI is safe and benefits all of humanity.”

Tuesday’s announcement echoes “voluntary commitments” made at the White House in July last year by Amazon, Anthropic, Google, Inflection AI, Meta, Microsoft and OpenAI “to help move towards safe, secure and transparent development of AI technology”.

It remains unclear, however, how companies might be held to account if they fail to meet their commitments.

Tuesday’s communique said the 16 companies would “provide public transparency” on implementation of their pledges, “except insofar as doing so would increase risk or divulge sensitive commercial information to a degree disproportionate to the societal benefit”.

Speaking in Seoul before a virtual leaders’ meeting on Tuesday evening, UK science secretary Michelle Donelan told the Financial Times that voluntary agreements made at Bletchley had been working.

“Therefore, we believe that these agreements again will continue to pay dividends,” Donelan said.

“But this isn’t just about what more can the companies do, it’s also what more can the countries do,” she added. Donelan confirmed the Chinese government would be represented at meetings being held on the second day of the summit on Wednesday.

Dan Hendrycks, safety adviser to xAI, said the voluntary commitments would help “lay the foundation for concrete domestic regulation”.

But Donelan reiterated the UK’s stance that it was too early to consider legislation to enforce AI safety.

“We need to get a better handle on the risks,” she said, noting the UK government would offer up to £8.5mn in grants to study AI-related risks such as deepfakes and cyber attacks.

She added that if the UK government had initiated legislation on the issue last year, “by the time it came out, it would probably be out of date”.

Read the full article here

News Room May 21, 2024 May 21, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US Secretary of Commerce Howard Lutnick speaks at the World Economic Forum

Watch full video on YouTube

What Planet Fitness And Lifetime’s Performance Tells Us About The ‘K-shaped’ economy

Watch full video on YouTube

Lithium Miners News For The Month Of March 2026

This article was written byFollowThe Trend Investing group includes qualified financial personnel…

How the shadow fleet is capitalising on the chaos of war

December 2022The Strateg, originally named Melodia and sailing under the Marshall Islands…

Why it’s not time to buy the tech dip, gold, and silver on fire

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Lithium Miners News For The Month Of March 2026

By News Room
News

How the shadow fleet is capitalising on the chaos of war

By News Room
News

17 Education & Technology Group Inc. (YQ) Q4 2025 Earnings Call Transcript

By News Room
News

UTG: Create Dividend Growth From AI Data Centers (NYSE:UTG)

By News Room
News

Invesco High Yield Fund Q4 2025 Commentary (AMHYX)

By News Room
News

Warner Music Group Stock: Even At 52-Week Lows, I Still Have Concerns (NASDAQ:WMG)

By News Room
News

Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

By News Room
News

Firefly Aerospace Inc. (FLY) Q4 2025 Earnings Call Transcript

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?