G7 to embrace AI principles-report
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 October 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, October 30th, and I'm your host Julie Morgan. |
| 0:12.0 | The G7 will reportedly agree on guiding principles of AI. |
| 0:16.7 | Stellantis and the UAW reach an agreement while the strike expands at General Motors and Boeing is assessing a |
| 0:24.4 | ransomware threat. The group of seven industrial nations will agree to a code of |
| 0:30.1 | conduct for companies building advanced artificial intelligence systems. |
| 0:34.6 | According to Raiders, citing a G7 document, the move comes as governments are looking for ways to mitigate the risks and potential misuse of AI. |
| 0:44.0 | The voluntary code of conduct will establish a landmark for how major countries govern the technology. |
| 0:50.0 | The report noted that the G7 economies, which consist of the U.S. UK, Canada, France, Germany, |
| 0:57.4 | Italy, Japan, and the EU, had started the process in May, Citing the G7 document, |
| 1:03.7 | the 11-point code aims to promote safe, secure, |
| 1:07.0 | and trustworthy AI worldwide, |
| 1:09.6 | and will provide voluntary guidance |
| 1:11.8 | for actions by organizations developing the most advanced |
| 1:15.5 | AI systems, including the most advanced foundation models and generative AI systems. |
| 1:21.6 | The Code also aims to help seize the benefits and address the potential risks from the technology. |
| 1:27.0 | In addition, it requests that companies take measures to detect, evaluate, and mitigate those risks in the AI life cycle and tackle incidents |
| 1:35.9 | of misuse after the AI products have been launched in the market. |
| 1:40.4 | The companies are also urged to post public reports on the capabilities limits use and misuse of the AI products and also invest in security measures. |
| 1:50.0 | China is also expected to launch an initiative to govern AI from multiple angles differing from the US approach. |
| 1:58.0 | Stellantis and the United Auto Workers have agreed to terms on a new four-year contract that would bring an end to a |
| 2:04.7 | strike that began in September. The deal is modeled on one reached last week |
... |
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