Investing

Global AI Safety Network to Address Opportunities and Challenges at Inaugural Meeting

The US Department of Commerce and US Department of State have announced the inaugural meeting of the International Network of AI Safety Institutes, scheduled for November 20 to 21, 2024, in San Francisco.

This global network aims to foster international cooperation on artificial intelligence (AI) safety.

First introduced by US Secretary of Commerce Gina Raimondo at the AI Seoul Summit in May of this year, the network is designed to unite representatives from each member country’s AI safety institute, or the equivalent scientific office.

The meeting’s objectives include establishing collaborative priorities and advancing global knowledge on AI safety.

“AI is the defining technology of our generation. With AI evolving at a rapid pace, we at the Department of Commerce, and across the Biden-Harris Administration, are pulling every lever. That includes close, thoughtful coordination with our allies and like-minded partners,” said Raimondo in a Wednesday (September 18) release. “We want the rules of the road on AI to be underpinned by safety, security, and trust, which is why this convening is so important.’

The International Network of AI Safety Institutes includes 10 founding members: Australia, Canada, the EU, France, Japan, Kenya, the Republic of Korea, Singapore, the United Kingdom and the US.

The San Francisco meeting will feature technical experts and representatives from member countries, with discussions on priority areas for the network and the start of detailed work on joint AI safety projects.

The meeting is intended to lay the groundwork for collaboration leading up to the AI Action Summit, which is scheduled to take place in Paris in February 2025.

US Secretary of State Antony Blinken emphasized the importance of this initiative as AI usage increases rapidly at a global scale. The push for safety comes amid ongoing challenges in US legislative efforts to regulate AI technology.

In response to the rapid advancement and potential risks associated with AI, the US Department of Commerce has proposed new reporting requirements for advanced AI developers and cloud computing providers. These requirements are aimed at ensuring these new technologies are safe and resilient against cyber threats.

The initiative also aligns with broader US policy goals set by President Joe Biden.

In October 2023, he signed an executive order requiring AI developers to report safety test results for systems posing risks to national security, public health or safety before their public release.

As AI continues to evolve and integrate into society, the establishment of the International Network of AI Safety Institutes represents a proactive step toward addressing the complexities associated with this transformative technology.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Stock

Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is...

Latest News

President Joe Biden travels to Triangle, Virginia, Monday to mark Earth Day, where he’ll unveil $7 billion in grant funding for solar power under...

Latest News

Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark his sixth birthday on Tuesday, the first image...

Disclaimer: Dealwithbiz.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Dealwithbiz.com