Five Recent Developments in Artificial Intelligence: Japan’s AI Guidelines, Financial Stability Risks, and More
Today, significant developments have taken place in the field of AI, aiming to maximize its capabilities while also shedding light on its potential drawbacks. Japan plans to create guidelines for AI usage to tackle excessive dependence on this technology. SEC Chair Gensler cautions against the risks AI poses to financial stability. A pastor, who previously utilized AI for a church service, assures that such an occurrence will not be repeated. Additionally, creative professionals are embracing AI image generators but caution against their misuse. These stories and more are covered in our daily roundup. Let’s delve into the details.
1. Japan drafts AI guidelines to eliminate over-reliance
Japanese companies and organizations must take steps to reduce excessive artificial intelligence, according to draft guidelines from a government panel. The guidelines also advise AI developers to avoid using biased data and to keep records of their interactions with the technology. According to a Japantimes report, the panel is expected to finalize the guidelines by the end of the year.
2. SEC Chairman Gensler warns of artificial intelligence’s risks to financial stability
Gary Gensler, chairman of the US Securities and Exchange Commission, has urged regulators to quickly find a way to manage the risks to financial stability posed by the concentration of power of AI platforms. He warned that without swift intervention, it is “almost inevitable” that AI could trigger a financial crisis within a decade.
Gensler said tweaking AI regulation would be a tough test for U.S. regulators because the potential risks extend to financial markets and stem from designs by tech companies outside the purview of Wall Street regulators, according to a Financial Times report.
3. The pastor who used artificial intelligence for church ministry says it won’t happen again
After using artificial intelligence software to create an entire church service, Pastor Jay Cooper says he doesn’t do it anymore. He was uncomfortable with how the AI presented the Holy Bible and lacked the “human element” through which God communicated. The service was a one-time experiment to teach his congregation about artificial intelligence technology and its potential ethical implications, Fox News reported.
4. Creative professionals embrace AI image generators, but warn against misuse
Creative professionals welcome AI image generators such as Adobe’s Firefly and OpenAI’s DALL-E, but caution against their potential misuse. Artists like Joy Chiang find AI useful for generating new ideas, while musician Ta-Ku uses it to improve his images. Both emphasize the importance of intentions when using artificial intelligence tools, as they can be used to both create and copy art, says The Indian Express report.
5. India to set up 24,500 GPU AI computing infrastructure
Working groups formed by the Government of India have recommended the establishment of a three-tier AI computing infrastructure comprising 24,500 graphics processing units (GPUs). This is a 15-fold increase in capacity compared to the current highest installed capacity. The infrastructure will be used to support AI research and development and deployment of AI applications across sectors, The Hindu reported.
