Lifeboat Foundation

“It’s conceivable that within the next ten years, AI systems will exceed expert skill level in most domains…”

A week after the OpenAI CEO made an appearance before a U.S. senate committee to address the country’s concerns over artificial intelligence (AI), Sam Altman said Monday that there is a need to create a governance body to mitigate the risks of the technology.

“Given the picture as we see it now, it’s conceivable that within the next ten years, AI systems will exceed expert skill level in most domains, and carry out as much productive activity as one of today’s largest corporations,” said the CEO in a blog post.

TOKYO, May 20 (Reuters) — Leaders of the Group of Seven (G7) nations on Saturday called for the development and adoption of international technical standards for trustworthy artificial intelligence (AI) as lawmakers of the rich countries focus on the new technology.

While the G7 leaders, meeting in Hiroshima, Japan, recognised that the approaches to achieving “the common vision and goal of trustworthy AI may vary”, they said in a statement that “the governance of the digital economy should continue to be updated in line with our shared democratic values”.

The agreement came after European Union, which is represented at the G7, inched closer this month to passing legislation to regulate AI technology, potentially the world’s first comprehensive AI law.

On Saturday, leaders of the Group of Seven (G7) nations made some public calls for the development and adoption of technical standards to keep artificial intelligence (AI) “trustworthy.” They added that they feared that governance of the technology has not kept pace with its growth.

This is according to a report by the Financial Post published on Saturday.

The leaders from the U.S., Japan, Germany, Britain, France, Italy, Canada and the EU said in a statement that while approaches to “the common vision and goal of trustworthy AI may vary,” the rules for digital technologies like AI should be “in line with our shared democratic values.”

In a wide-ranging and historic congressional hearing Tuesday, the creator of the world’s most powerful artificial intelligence called on the government to regulate his industry.

“There should be limits on what a deployed model is capable of and then what it actually does,” declared Sam Altman, CEO and cofounder of OpenAI, referring to the underlying AI which powers such products as ChatGPT.

He called on Congress to establish a new agency to license large-scale AI efforts, create safety standards, and carry out independent audits to ensure compliance with safety thresholds.

Continue reading “OpenAI’s Sam Altman To Congress: Regulate Us, Please!” »

Technology As A Force For Good In People’s Lives — Dr. Emre Ozcan, PhD, VP, Global Head of Digital Health & Walid Mehanna, Group Data Officer And Senior Vice President, Merck KGaA, Darmstadt, Germany.

EPISODE DISCLAIMER — At any time during this episode when anyone says Merck, in any context, it shall always be referring to Merck KGaA, Darmstadt, Germany.

Continue reading “Dr. Emre Ozcan & Walid Mehanna — Merck KGaA, Darmstadt, Germany — Tech As A Force For Good In Health” »

Type: departments.

careers.

Harvard.

Continue reading “This Harvard Law Professor is an Expert on Digital Technology” »

Some of Daniel Schmarchtenberger’s friends say you can be “Schmachtenberged”. It means realising that we are on our way to self-destruction as a civilisation, on a global level. This is a topic often addressed by the American philosopher and strategist, in a world with powerful weapons and technologies and a lack of efficient governance. But, as the catastrophic script has already started to be written, is there still hope? And how do we start reversing the scenario?

In order to prevent the potentially destructive impact of AI on humanity, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, rather than the monopoly defaulting structure of Web2, according to Michael Casey, CoinDesk’s chief content officer.

Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.

In an IMF interview with Tobias Adrian, Financial Counsellor at the International Monetary Fund, he states “Cross-border payments can be slow, expensive, and risky. In today’s world of payments, counterparties in different jurisdictions rely on costly trusted relationships to offset the lack of a common settlement asset together with common rules and governance. But imagine if a multilateral platform existed that could improve cross-border payments—at the same time transforming foreign exchange transactions, risk sharing, and more generally, financial contracting.”

According to Darrell Hubbard, the Executive Director of the DCMA, and the chief architect of UMU, “This vision expressed by the IMF is the exact solution the DCMA is delivering to central banks worldwide.”