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FX.co ★ Microsoft appeals for AI regulation to avoid pitfalls

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Forex Humor:::2023-06-02T07:52:01

Microsoft appeals for AI regulation to avoid pitfalls

Microsoft calls for US regulators and global enterprises to regulate artificial intelligence (AI). Tech-giant's President Brad Smith urged governments and corporate leaders to improve the development of AI technology and take control of it. Describing AI as the most influential technology today, Brad Smith outlined a five-step plan for how the world’s governments, private institutions, and companies could address the risks of AI. Earlier, Microsoft stressed that AI systems required effective “safety brakes” that control critical infrastructure and ensure human oversight and accountability. In addition, the company urged to develop a broad legal and regulatory framework based on the technology architecture for AI. Analysts note that the accelerated development of the innovation has revealed a number of drawbacks, including threats to privacy, the loss of jobs due to industrial automation, and misinformation on social media. According to Microsoft executives, governments and companies bear full responsibility for AI products and should mitigate all risks. At the same time, Microsoft understands its responsibility, pledging to reinforce security when working with new technologies.

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