The White House stated on Friday that seven major US AI companies have voluntarily agreed to safeguards on the technology’s advancement. They also promised to minimize the dangers associated with the new capabilities while vying for the potential of AI.
At a meeting with President Joe Biden at the White House on Friday afternoon, the seven tech giants—Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI—will formally declare their dedication to new standards in the areas of safety, security, and trust.
The announcement comes as the businesses compete to develop the most advanced versions of AI that provide potent novel techniques to create writing, images, music, and video without the involvement of humans.
However, as self-aware computers develop, there are growing concerns about the dissemination of misinformation and apocalyptic statements about the “risk of extinction” as a result of technological advances.
As Washington and governments all over the world scramble to put legal and regulatory frameworks for AI in place, the voluntary safeguards are merely a first, hesitant step. Even while politicians have failed to govern social media and other technologies, they show a need for the Biden administration and lawmakers to react to the constantly growing technology.