During a two-day summit on artificial intelligence (AI) safety hosted by British Prime Minister Rishi Sunak, prominent figures including tech CEOs like Elon Musk and OpenAI’s Sam Altman, U.S. Vice President Kamala Harris, and European Commission chief Ursula von der Leyen convened to discuss the future regulation of AI. Leaders from 28 nations, including China, came together to sign the Bletchley Declaration, recognizing the risks associated with AI technology.
According to Reuters, the United States and Britain also announced plans to establish their own AI safety institutes, and additional summits are scheduled for South Korea and France in the coming year.
Read more: ARTIFICIAL INTELLIGENCE, INCENTIVES TO INNOVATE, AND COMPETITION POLICY
While there was a general consensus on the need for AI regulation, disagreements persist regarding the specifics and leadership of these efforts. Policymakers have grown increasingly concerned about the risks associated with rapidly advancing AI technologies, notably since the release of Microsoft-backed OpenAI’s ChatGPT, which has demonstrated human-like fluency in responding to prompts.
Reuters reports some experts have called for a pause in the development of such systems due to concerns that they could gain autonomy and pose threats to humanity.
Prime Minister Sunak expressed excitement in hosting figures like Tesla-founder Elon Musk, while European lawmakers cautioned against a concentration of technology and data within a few companies in the United States. The global plan for overseeing AI technology remains a work in progress, with the need for further deliberation on regulation and leadership in this rapidly evolving field.
Source: Reuters
Featured News
Electrolux Fined €44.5 Million in French Antitrust Case
Dec 19, 2024 by
CPI
Indian Antitrust Body Raids Alcohol Giants Amid Price Collusion Probe
Dec 19, 2024 by
CPI
Attorneys Seek $525 Million in Fees in NCAA Settlement Case
Dec 19, 2024 by
CPI
Italy’s Competition Watchdog Ends Investigation into Booking.com
Dec 19, 2024 by
CPI
Minnesota Judge Approves $2.4 Million Hormel Settlement in Antitrust Case
Dec 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand