President Joe Biden and the White House’s Council of Advisors on Science and Technology discussed the potential risks of artificial intelligence (AI) and the creation of a bill of rights for AI this Tuesday. The meeting comes amidst a call to action from leading technology figures such as Elon Musk, Steve Wozniak, and others for a six-month “pause” on large-scale AI development.
Biden believes that AI is a powerful tool and can be used to address difficult challenges, however it is necessary to address the potential risks that it can pose to our society, economy, and national security. He further discussed the White House’s Blueprint for an AI Bill of Rights which was proposed last October to build essential protection into AI systems from the start. These proposed protections focus on personal data collected by tech companies, banning targeted advertising to children, and requiring tech companies to prioritize safety in the products they build.
In addition, President Biden also urged tech companies to be more responsible in their approach by making sure products and services are safe before they are made public.
As a consequence of the White House’s discussion, a summit is being organized in San Francisco on July 11-12 to bring together top executives and leaders who are looking to integrate and optimize AI investments for success. The event provides an opportunity for top executives to learn from each other and ensure implementation of responsible innovation and appropriate guardrails to protect America’s rights, safety, privacy and combat potential biases or disinformation.
Elon Musk is a renowned physicist, entrepreneur, investor and philanthropist. He is the founder, CEO and lead designer of SpaceX, as well as the founder and CEO of Tesla, Inc., the founder and CEO of Neuralink and a co-founder of PayPal. He has had a major impact on global innovation, particularly in the fields of energy, transportation and communication technology.
Steve Wozniak, best known by his nickname “Woz”, is an engineer, inventor and technology entrepreneur who, along with Steve Jobs, co-founded Apple Inc. Wozniak is credited as the principal designer and creator of the Apple II computer and with introducing the first consumer-friendly version of the personal computer. He has played a key role in inspiring, developing, and enabling the microcomputer revolution.
With the mounting concerns around the potential risks of AI, it is imperative that tech companies strive to make sure that products and services they make available are safe and uphold the rights and safety of users. The upcoming summit in San Francisco is a step in that direction and investors and industry professionals should consider leveraging this opportunity to acquire the knowledge and resources needed to ensure successful AI investments.
