Conference chat aside, what did the summit ACTUALLY signal for the future of AI regulation?
➡️ Step towards regulatory consistency – A consistent approach to AI would give tech leaders more clarity about how to navigate their business. But while the Bletchley Declaration is a gesture of unity, each region approaches AI differently. Launching the AI Safety Institute in Washington, the US won’t blindly follow UK initiatives. The EU is also heading its own way, planning to adopt new legislation through the EU AI Act. Whether governments will unify in their approach to a still evolving technology is a GIANT question.
➡️ Developing ethical AI – In an executive order on Monday 30th October 2023, Joe Biden required tech firms to share AI safety test results with the government. The summit’s voluntary agreement expands this agenda. With ethics becoming a priority, businesses will need to communicate transparently and prove that their AI models follow ethical standards.
➡️ Missed opportunity? – The summit aimed at mitigating speculative risks such as AI-powered bioweapons. Critics said the agenda avoided current harms including the spread of misinformation or AI cyberattacks. In tackling the existential threat, the world could ultimately miss the chance to address the here and now.
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