PM Modi discusses the negative aspects of AI, OpenAI developer conference, and other AI updates you might have overlooked today.

Today, December 12, marks a significant day for artificial intelligence enthusiasts in India as the country hosts the fourth Global Partnership on Artificial Intelligence (GPAI) Summit in New Delhi. The summit, which commenced today, will run until December 14. On the opening day, Prime Minister Narendra Modi addressed the attendees and emphasized the potential risks associated with AI. He stressed the importance of implementing safeguards in AI and bridging the gap between theory and practice. Additionally, OpenAI announced during the GPAI Summit that they will be organizing a developer gathering in Bengaluru in January. These are just a few highlights from today’s AI roundup. Let’s delve deeper into the details.

PM Modi addresses GPAI Summit

Prime Minister Modi stressed the need for “extreme caution” when addressing the darker aspects of artificial intelligence in his speech at the fourth Global Partnership on Artificial Intelligence Summit in New Delhi, reported LiveMint. He highlighted the challenges posed by artificial intelligence and spoke at a multi-stakeholder initiative focused on bridging the gap between theoretical concepts and practical applications of artificial intelligence. The purpose of this initiative is to support advanced research and applied activities addressing AI-related priorities.

He said: “Artificial intelligence will have a significant impact on both current and future generations. We must proceed with extreme caution. I believe that the proposals and ideas of this summit will help us protect the world from the potential risks and challenges posed by the darkest aspects of artificial intelligence.”

“Our development mantra in India is Sabka Saath, Sabka Vikas. We have drafted government policies and programs inspired by the spirit of “AI For All”. We strive to utilize the possibilities of artificial intelligence for social development and inclusive growth. India is fully committed to responsible and ethical use of AI,” ANI quoted him as saying.

OpenAI is hosting a developer meetup in Bengaluru

According to a report by Moneycontrol, OpenAI, the creator of ChatGPT, plans to hold a developer meetup in Bengaluru in January. The purpose of this event is to engage with the Indian technology community and discuss AI security issues, as Anna Makanju, Vice President Global Affairs, OpenAI stated at the 4th GPAI Summit.

He said: “I am pleased to announce that we will be holding a developer meeting with our Director of Engineering Srinivas Narayanan in Bengaluru in January, with more to come. Our plan is to invite developers here in India alongside OpenAI product managers to address some of the toughest security challenges.

UK Watchdog says there is no rush to write bespoke rules for AI in finance

Britain’s Financial Conduct Authority (FCA) acknowledges the widespread use of artificial intelligence by criminals for market disruption and fraud, reports Reuters. While existing regulations are in place, the FCA emphasizes caution in regulating all aspects of AI due to its evolving nature. FCA chief executive Nikhil Rathi emphasizes the need for a modest approach as financial firms rapidly adopt AI. The EU’s recent approval of a major AI regulation sets a global precedent that will draw scrutiny in other jurisdictions.

“Serious organized criminals have no one to regulate them and are using AI unhindered to manipulate markets… We need companies to ensure that when they deploy, they think about anti-fraud and cyber risk,” Rathi said.

The United States is negotiating with Nvidia to sell an artificial intelligence chip to China

The Biden administration is negotiating with Nvidia Corporation to sell artificial intelligence chips to China, stressing that the most advanced semiconductors cannot be sold to Chinese companies, according to a Reuters report. US Commerce Secretary Gina Raimondo stated that Nvidia is allowed to sell artificial intelligence chips to China for commercial applications. He said that Nvidia CEO Jensen Huang is committed to complying with the rules and called on chip companies to comply with regulations on artificial intelligence chips. Raimondo cautioned against attempts to create chips slightly below the regulatory threshold, and emphasized the importance of compliance.

Malaysia launches digital ministry to boost AI growth

Malaysia will establish a new digital ministry to boost economic growth and attract investment, according to Prime Minister Anwar Ibrahim, Nikkei Asia reported. The focus of the new ministry is on digital transformation, which responds to the developing fields of data centers and artificial intelligence. Anwar emphasized the importance of improving communication and information dissemination, acknowledging criticism of the previous government in these areas. The move means the separation of the Digital Ministry from the current Ministry of Communications and Digital.