The SEC Newgate AI Weekly

AI continues to dominate the headlines and this week is no different. Here are a few things that stand out this week:

The White House leads the way on testing the security of AI

Joe Biden has announced that seven leading companies in AI - Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI - have committed to managing potential risks from AI technology. AI development continues at pace and the US (not the UK, no matter what Rishi Sunak says) is leading the way in getting a handle on the capabilities of the technology. There have been a string of new AI tool announcements in the past few weeks and Meta announced their own, Lllama 2 this week – no doubt there will be more but it is important that these companies are seen to be leading the way in protecting humanity against the enormous potential of AI.

PlAIgiarism is on the rise, and authors are not happy

Over 8,500 authors have signed an open letter to ask tech companies to stop stealing their work without permission or compensation. The issue being that AI tools have ingested all of their works during their development, so they can very easily just copy the writing style of each individual author. This is a huge grey area in terms of plagiarism and what this means legally – if something hasn’t already been written, is it still stealing if it’s just using the writers writing style? I would argue yes but then I’m no legal expert.

AI is (unsurprisingly) big business

A new report by Grand View Research has forecast the global machine learning market to grow to USD 419.94 billion by 2030. This has been driven by the growth in demand for AI solutions across multiple industries.

The Hollywood battle over AI rages on

Some of Hollywoods biggest stars are standing arm in arm on multiple picket lines to support the writers' strike. One of the key arguments is that AI technology is putting entry level jobs at risk, creating a huge barrier to entry for many future generations. Hollywood won’t be the last that faces this kind of issue and strikers are leading the way in standing up against the potential risks of AI taking entry level jobs.