As artificial intelligence (AI) gains increasing attention in the wealth and banking sector, regulation framework talks continued on Thursday at the UK government’s AI Safety Summit at Bletchley Park, with the signing of an international declaration, as well as a multilateral agreement.
UK Prime Minister Rishi Sunak on Thursday said that the
UK-led AI Safety Summit had reached a “landmark agreement”
with like-minded companies and governments on safety
testing of new models. The agreement is meant to see
independent testers checking the safety of new AI models
instead of the companies themselves.
The event, which brought together nations from around the world
to discuss the opportunities and risks posed by AI and how those
risks could be mitigated, also resulted in the “Bletchley
Declaration” between 28 participating countries.
The declaration recognised the need to address risks represented
by AI development. So-called frontier AI development has raised
concerns over its potential impact on large scale
governance, from employment and elections to national
security and international relations. OpenAI,
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