AI RISK
AI seen more as an opportunity than risk: PwC's Sam Samaratunga
PwC India's risk business has seen rapid growth, with partner count set to exceed 100. Global trends like AI and climate change shape risk management strategies. Companies seek to understand and mitigate risks for long-term resilience. AI presents both opportunities and challenges for businesses.
Explained: Why is France targeting Nvidia?
France's antitrust regulator is set to charge Nvidia in relation to alleged anti-competitive practices. The move comes after dawn raids by French authorities in September last year, which sources said targeted Nvidia. The raids were the result of an ongoing probe into the cloud computing industry.
Government working to regulate AI: IT minister Ashwini Vaishnaw
During the Global IndiaAI Summit 2024, Jitin Prasada highlighted the imperative of responsible AI development and the global threat to democracies. International cooperation is crucial in managing the risks posed by AI technology.
Nvidia set to face French antitrust charges
The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia.
AI companies train language models on YouTube's archive − making private videos a privacy risk
Exploring the intricate nexus of big tech self-regulation, privacy concerns, and legal safeguards in AI development underscores the imperative for ethical AI model training and deployment.
AI, 3rd-party tech likely to intensify risks of cyberattacks
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. "In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures," the report stated.
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ET Explainer: Decoding the hype over building an AI brain smarter than humans
While some, like OpenAI, are striving for Artificial General Intelligence (AGI), a new frontier in AI is generating debate: Artificial Superintelligence (ASI). This hypothetical technology would surpass even AGI, fundamentally changing humanity. What exactly is ASI, and how would it impact people? ET explains.
What the arrival of AI phones and computers means for our data
Apple, Microsoft, and Google are leading the way in the development of artificially intelligent smartphones and computers, requiring more user data for tasks like photo editing and call monitoring. This raises privacy concerns as AI needs access to personal data across devices and apps.
Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. "If you look across the chip history, we really have for the most part focused on more general chips," Rebecca Parsons, CTO at tech consultancy Thoughtworks, told AFP. Providing more specialized processing for the many demands of AI is an opportunity seized by Groq, a hot startup that has built chips for the deployment of AI as opposed to its training, or inference -- the specialty of Nvidia's world-dominating GPUs. that Nvidia won't be the best at everything, even if they are uncontested for generative AI training.
Former OpenAI cofounder launches new AI company
Ilya Sutskever, cofounder of OpenAI, launched Safe Superintelligence Inc (SSI) shortly after leaving OpenAI, joined by Jan Leike who now leads at Anthropic. Sutskever emphasised SSI's singular focus on advancing AI capabilities while prioritizing safety, aiming for rapid and secure scaling.
Apple delays rollout of AI features in Europe
Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech. Apple earlier this month unveiled "Apple Intelligence," its suite of AI features for its coveted devices as it looks to reassure users that it is not falling behind on the AI frenzy.
Microsoft to delay release of Recall AI feature on security concerns
The Recall feature tracks web browsing to voice chats, creating a history stored on the computer that the user can search when they need to remember something they did, even months later.
Startup develops AI tool that creates multi-faceted authentication system
A woman-led start-up has developed an AI-based tool 'Divya Drishti' integrating facial recognition with gait analysis. Founded by entrepreneur Shivani Verma after winning 'Dare to Dream 2.0', the tool offers enhanced accuracy in biometric authentication.
EU's new AI rules ignite battle over data transparency
Europe focuses on AI innovation to lead globally, balancing transparency and copyright protection under the new AI laws, emphasizing the need for innovation before regulation to avoid dependency on American and Chinese products.
Banks say growing reliance on Big Tech for AI carries new risks
European banking executives express concerns about banks' increasing dependence on big U.S. tech firms due to the boom in artificial intelligence, driven by the popularity of AI applications like OpenAI's ChatGPT for fraud detection and money-laundering.
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.
OpenAI, Google DeepMind's current and former employees warn about AI risks
The letter further warns of risks from unregulated AI, ranging from the spread of misinformation to the loss of independent AI systems and the deepening of existing inequalities, which could result in "human extinction."
TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible
TSMC, a Taiwanese chipmaker, discussed moving its fabrication plants off the island amid tensions with China, but deemed it impossible due to 80-90% production capacity in Taiwan.
Few AI deepfakes identified in EU elections, Microsoft president says
Brad Smith, vice chairman of Microsoft, announced Microsoft's plan to invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over two years. Smith said that Microsoft has been training candidates for the European Parliament to monitor the situation.
Google rolls back AI search feature after flubs and flaws
The disappearance of AI Overviews for some of the searches appeared to be part of a broader rollback after the new technology produced a litany of untruths and errors -- including recommending glue as part of a pizza recipe and suggesting that people ingest rocks for nutrients. Users loudly complained on social media about the mistakes, in many cases outright making fun of Google.
Google is using AI to answer your health questions. Should you trust it?
Google AI Overviews, utilizing generative AI, presents search answers with a mix of reputable and commercial sources. Experts raise concerns about accuracy and clarity in medical responses, emphasizing the need for critical evaluation and reliance on trusted sources.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
OpenAI forms AI safety committee after key departures
OpenAI, the company behind ChatGPT, announced the formation of a new safety committee on Tuesday, weeks after the departures of key executives raised questions about the firm's commitment to mitigating the dangers of artificial intelligence. The committee's formation comes on the heels of recent executive departures that stoked concerns about OpenAI's AI safety priorities.
OpenAI says it has begun training a new flagship AI model
The San Francisco startup, which is one of the world's leading AI companies, said in a blog post that it expected the new model to bring "the next level of capabilities" as it strove to build "artificial general intelligence," or AGI, a machine that can do anything the human brain can do.
Govts, tech firms vow to cooperate against AI risks at Seoul summit
More than a dozen countries and some of the world's biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence, including its ability to dodge human control, as they wrapped up a global summit in Seoul. These dangers also include an AI model that could potentially "evade human oversight, including through safeguard circumvention, manipulation and deception, or autonomous replication and adaptation", they added.
Broadcom acquisition of VMWare creating a storm of uncertainty, risk: Nutanix CEO
As part of its slew of announcements on Tuesday, Nutanix said it is working jointly with Cisco to certify Cisco UCS blade servers as part of the strategic partnership between Nutanix and Cisco.
EU demands clarity from Microsoft on AI risks in Bing
Generative AI is one of the risks identified by the commission for the integrity of electoral processes, in particular for the upcoming European Parliament elections in June.
Explainer: What risks do advanced AI models pose in the wrong hands?
Biden administration takes steps to safeguard U.S. AI from China and Russia by regulating advanced models. Concerns arise over deepfakes, misinformation, biological and cyber weapons, with potential threats from hacking groups and foreign governments.
First major attempts to regulate AI face headwinds from all sides
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the need for transparency and accountability.
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