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Home»Finance»AI is gaining traction among the Davos glitterati, presenting both great opportunity and risk
Finance

AI is gaining traction among the Davos glitterati, presenting both great opportunity and risk

The Elite Times TeamBy The Elite Times TeamJanuary 18, 2024No Comments6 Mins Read
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DAVOS, Switzerland (AP) — Artificial intelligence is arguably the biggest buzzword among world leaders and corporate leaders tackling big ideas at the World Economic Forum’s glitzy annual meeting in Davos. Astounding advances in generative AI took the world by surprise last year, but an elite group is working hard to capitalize on that promise and minimize risk.

In a sign of ChatGPT maker OpenAI’s soaring profile, CEO Sam Altman will make his Davos debut in front of a rock star crowd, followed by his mentor, Microsoft CEO Satya Nadella. become.

Like several other technologies before it, the phrase, which exemplifies the geopolitical importance of AI, has been on the lips of world leaders from China to France. It can be seen all over the streets of the Swiss Alps and has even permeated the after-parties.

Here’s what’s happening:

OPENAI opens grandly in Davos

The chatbot maker’s much-hyped leadership drama in the world of AI follows Altman and Nadella into the deep snow of Switzerland.

Altman, who was abruptly fired by OpenAI’s board last year and then quickly reinstated, said at a Bloomberg event that he is focused on “enhancing the board as a whole” and is considering future changes to the company’s unusual structure. Then he said. Managed by a non-profit organization.

He deflected further questions and interrupted a question from an OpenAI executive who was accompanying him, saying, “Are you sure you want to spend your time on melodrama instead of what AGI is trying to do?”

AGI is artificial general intelligence, a term used to describe the better-than-human AI technology that OpenAI is building. Ahead, Altman spoke about technology and humanity during a panel discussion Thursday.

Meanwhile, Nadella said of the operating model of OpenAI, a startup into which Microsoft has poured billions of dollars, “I feel comfortable. I don’t have a problem with any structure.” “What I want is good governance and real stability,” he said at a separate Bloomberg event.

Forum founder Klaus Schwab asked the Microsoft CEO whether world leaders are up to the task of creating AI regulation, but sidestepped a question about OpenAI’s governance.

World leaders want to lead the world with AI

From China to Europe, government officials are staking their positions on AI as the world grapples with regulating rapidly evolving technologies that have major implications for workplaces, elections, and privacy.

The European Union has devised the world’s first comprehensive AI rules ahead of a busy election year, according to a World Economic Forum report. Misinformation and disinformation using AI poses the greatest risk to the global economy, as it threatens to erode democracy and polarize society. last week.

Chinese Premier Li Qiang called AI a “double-edged sword.”

“Humans have to control machines, not be controlled by machines,” he said in a speech on Tuesday. “AI must be guided in a direction that will benefit human progress. Therefore, there must be a line in the development of AI that must not be crossed, a line that must not be crossed,” he said without elaborating.

China, one of the world’s centers of AI development, “wants to strengthen communication and cooperation with all parties” on improving global AI governance, Li said.

China has announced interim regulations on the management of generative AI, while the EU won a hard-fought political agreement last month to break ground on an AI law that is awaiting final approval.

European Commission President Ursula von der Leyen said AI is “a huge opportunity if used in a responsible way”.

“The global race is already underway” to develop and deploy AI, he said, noting that 27 countries are now working on initiatives such as AI laws and programs that combine supercomputers with small and medium-sized enterprises to train large-scale AI models. It promoted the EU’s efforts.

French President Emmanuel Macron said he is a “strong believer” in AI and that his country is an “attractive and competitive country” for the AI ​​industry. He highlighted France’s role in supporting regulatory coordination on AI-generated deepfake images and videos, and will host a follow-up summit on AI safety after the first meeting in the UK in October. He also announced plans to do so.

Glitterati is all you see

The word “AI” is dotted along Davos’ promenade, with consulting firms and tech giants flocking to the boulevard every year, renting out shopfronts and converting them into showcase pavilions.

Inside the main conference center, a giant digital wall radiated rotating images of AI art and computer-generated wildlife and nature concepts such as exotic birds and tropical streams.

Davos attendees looking to delve deeper into the technical details of artificial intelligence can attend sessions at AI House.

wave of the future

Generative AI systems like ChatGPT and Google’s Bard are expected to captivate the world by rapidly spewing out new poems, images, and computer code, with far-reaching implications for life and work.

Nadella said the technology could help boost the stagnant global economy and that his company is rolling it out into products.

“We are very optimistic that AI will become a general-purpose technology that drives economic growth,” the Microsoft chief said.

Business leaders predicted that AI would automate routine tasks and make sophisticated jobs easier, but they also warned that it could threaten workers who cannot keep up.

In a survey of 4,700 CEOs from more than 100 countries released by PwC at the start of Davos, 14% said they believe they will have to lay off staff due to the rise of generative AI.

“There is no sector or industry that will not be impacted by AI,” said Julie Sweet, CEO of consulting firm Accenture.

IBM CEO Arvind Krishna promises that AI will transform tasks like computer coding and customer care and streamline business functions like invoicing for people who can adapt to change. he said.

“With AI, productivity increases dramatically,” he says. “If you don’t, you’ll find yourself without a job.”

Is that also sexy?

During a session featuring Yann LeCun, Chief AI Scientist at Meta, talk about risk and regulation turned to the moderator’s hypothetical example of an “infinitely conversational sexbot” that anyone could build using open source technology. We are connected.

Mr. LeCun said that if AI is to serve people around the world with different languages, cultures, and values, it cannot be dominated by a handful of Silicon Valley tech giants. answered.

“You don’t want this to be under the control of a few private companies,” he said.

____

Chan reported from London. AP Technology Writer Matt O’Brien contributed from Providence, Rhode Island.

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