IBM CEO Discusses AI Accountability and China’s AI Ambitions: 5 Highlights
Today in the field of artificial intelligence, there were significant advancements in areas such as regulation, healthcare, and big tech. During an interview, IBM CEO Arvind Krishna emphasized the importance of holding big tech companies responsible for any negative consequences resulting from their technology. Additionally, China is making preparations to rapidly enhance its AI and computing capabilities. Stay tuned for more updates in today’s AI roundup as we delve deeper into these developments.
IBM’s CEO says tech companies should take responsibility
In an interview with Politico Tech, IBM CEO Arvind Krishna called on Washington to hold large companies working on artificial intelligence accountable if their products and tools are used to cause any kind of problems. He also emphasizes that companies adopting artificial intelligence must take responsibility for the problems caused by its use, such as employment. He opposes giving AI companies the same broad legal protections as social media platforms, suggesting that holding violators accountable in court would encourage the creation of safer AI systems that comply with existing laws.
“Two thousand years of economic history has shown us that if you’re legally responsible for what you create, that tends to increase liability,” he told Politico Tech.
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China’s Big AI and Computing Plans
According to a Bloomberg report, China plans to increase its computing power by more than a third in the next three years. The goal of this strategic initiative is to support local suppliers and strengthen technology self-sufficiency.
China has set a goal of reaching more than 300 computing capacity in its technology sector by 2025, instead of the current 220 exaflops. This goal has been outlined in a joint statement by various agencies, including the Ministry of Industry and Information Technology. Beijing’s goal is to strengthen its digital infrastructure as a way to boost economic growth.
In addition to expanding its computing power, China also plans to establish 20 new smart computing centers over the next two years. They are investing in larger optical networks and more sophisticated data storage infrastructure until 2025. This increased computing capacity supports multiple industries such as manufacturing, education, finance, transportation, healthcare, and energy.
Mayo Clinic appoints Dr. Bhavik Patel as Chief AI Officer
With the growing impact of artificial intelligence in healthcare, the Mayo Clinic has appointed Dr. Bhavik Patel as Chief Artificial Intelligence Officer (CAIO) at Mayo Clinic Arizona, according to a Fox News report. Dr. Patel, a radiologist, joined the clinic in 2021 after previous positions at Duke University Medical Center and Stanford University Medical Center. Dr. Richard Gray, CEO of Mayo Clinic Arizona, made the announcement on LinkedIn, emphasizing that the organization is just beginning to tap into the enormous potential of artificial intelligence in medicine.
Patel as a Mayo Clinic In Advanced AI and Innovation Hub.
SuperOps.ai raises $12.4 million in Series B funding
SuperOps.ai, an AI-enhanced IT management SaaS provider, has announced a successful Series B funding round, raising $12.4 million, according to a report from Live Mint. This financing was co-led by Lee Fixel’s venture capital firm Addition and March Capital. Matrix Partners India also participated in the round, bringing SuperOps.ai’s total funding to date to $29.4 million. In January last year, the company received $14 million in a Series A funding round backed by investors such as Addition, Tanglin Venture Partners, Matrix Partners and Elevation Capital.
The newly acquired funds will be directed to strengthen SuperOps.ai’s AI capabilities. In addition, the company has announced advanced network monitoring capabilities as part of its unified platform to expand its service offering.
Bhavish Aggarwal’s Krutrim SI Designs raises $24 million in debt from Matrix Partners
Bhavish Aggarwal, co-founder of Ola, has successfully raised $24 million in debt financing from Matrix Partners for his AI startup Krutrim SI Designs, according to a report by Entrackr.
The board of directors of Krutrim SI Designs has approved a special resolution to issue 38,901 Series A and 19,67,61,099 Series B debentures of face value of ₹10 each, raising approximately ₹197 million to $24 million, according to regulatory filings filed with the ministry. corporate affairs (MCA).
The company had discussed raising $50 million to $100 million this year, as Entrackr initially reported in August. With Matrix already on board and potential participation from Ola’s current investors, this funding round could potentially reach up to $100 million. Matrix’s convertible bonds are expected to be converted into shares in the future, possibly when Krutrim SI Designs seeks additional equity financing.
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