Anthropic · OpenAI · Donald Trump · China · Nvidia · BBC Technology
Regulating AI 'not the right place to start' confirms Bailey
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The Governor of the Bank of England has said regulating artificial intelligence (AI) "is not the right place to start" but instead called first for "rigorous" testing to find vulnerabilities and create safeguards to contain risk.
Key facts
- The idea of a slowdown, however, has been rejected by the likes of President Donald Trump who has said the US is leading the AI race ahead of China, adding: "And, frankly, the reporter want to keep it that way
- In the UK, Bailey said "important work" was underway in testing AI
- the UK has set up the AI Security Institute
- which, he said, should help form part of a set of standards
- Writing his first-ever article for Substack, Andrew Bailey said the risks around AI were "real and increasingly significant
- The Governor of the Bank of England has said regulating artificial intelligence (AI) "is not the right place to start" but instead called first for "rigorous" testing to find vulnerabilities
Summary
Writing his first-ever article for Substack, Andrew Bailey said the risks around AI were "real and increasingly significant". He said AI development should not be halted or prohibited - "on the contrary, the benefits are immense" - but added there must be a system for intervention and to establish boundaries in which AI operates. The debate about the potential risks surrounding the rapid development of AI and what it means for humanity has intensified in recent weeks. The bosses of leading AI firms such as Anthropic and OpenAI have called for development of the technology to slow down and for an internationally co-ordinated approach assessing risks and putting safeguards in place.