Global AI Summit in Seoul to Focus on New Regulatory Agreements
Global leaders and officials from South Korea and Britain are convening in Seoul this week for an AI summit with the aim of forging new regulatory agreements for the rapidly evolving technology. The summit seeks to expand on the agreements made at the previous conference in the United Kingdom and address a wider range of risks associated with artificial intelligence.
At the upcoming summit, industry giants such as Elon Musk from Tesla and Sam Altman from OpenAI are expected to engage with critics and industry experts to discuss the practical regulation of AI. The focus has shifted towards addressing immediate concerns such as the use of AI in crucial sectors like medicine and finance, rather than solely focusing on distant doomsday scenarios.
Britain’s Technology Secretary Michelle Donelan emphasized the importance of building on previous commitments from companies and institutions to ensure clarity and security in AI regulation. Industry players are eager for regulations that provide guidance on investments without favoring big tech companies.
Countries like the UK and the US have already established AI Safety Institutes to evaluate AI models, with others expected to follow suit. The issue of interoperability between different jurisdictions is also a key concern for AI firms, as they seek consistency in regulations across borders.
The virtual summit is set to include representatives from the Group of Seven (G7) major democracies, while countries like Singapore and Australia have also been invited to participate. While China will not join the virtual summit, it is expected to attend the in-person ministerial session on Wednesday.
The participation of industry leaders in the summit remains unconfirmed by the South Korean government, although Elon Musk has already expressed his anticipation for the event through social media. The summit aims to foster collaboration and agreement on regulating AI to ensure its responsible and beneficial use across various sectors.
