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South Korea and France to host next two AI Safety Summits

Economic Times

Economic Times · 1y ago

South Korea and France to host next two AI Safety Summits

South Korea and France have been chosen to host the next two AI Safety Summits, which will bring together leading experts in the field of artificial intelligence to discuss potential risks and safety measures. The summits aim to address concerns surrounding the ethical and safety implications of AI technology and promote collaboration to develop responsible AI systems.

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After UK, India summit to pave the way for global framework on AI risks: Rajeev Chandrasekhar

Economic Times

Economic Times · 1y ago

After UK, India summit to pave the way for global framework on AI risks: Rajeev Chandrasekhar

India is set to host the Global Partnership on Artificial Intelligence (GPAI) summit in December, where world leaders will discuss the risks associated with AI before reaching a global framework in South Korea next year. Rajeev Chandrasekhar, Minister of State for Electronics and IT, emphasized the need for collaboration among countries to mitigate potential risks and ensure safe and trusted platforms for innovation. The summit will bring together AI experts, multilateral organizations, and stakeholders from 28 GPAI member countries and the European Union.

Second global AI safety summit faces tough questions, lower turnout

Economic Times

Economic Times · 1y ago

Second global AI safety summit faces tough questions, lower turnout

Last year, the world's first global AI Safety Summit was held at Bletchley Park, with world leaders and experts discussing the regulation of AI. This year, the second AI Safety Summit will take place virtually, co-hosted by Britain and South Korea. However, key attendees have declined invitations. The focus has shifted from existential risk to concerns over resources needed for AI development, such as data and electricity. Experts warn against depending solely on scientific breakthroughs and financing efforts for the future of AI. The summit aims to address AI safety, innovation, and inclusivity.

Bill Gates on nuclear energy, investing billions, costs, risks & more

Livemint

Livemint · 1y ago

Bill Gates on nuclear energy, investing billions, costs, risks & more

Bill Gates has expressed his commitment to investing "billions more" into new-generation nuclear power plants, despite the challenges and criticisms associated with the technology. He emphasized the need for global collaboration and scaling of projects to drive down costs. Gates also discussed the safety features of his TerraPower nuclear plant in Wyoming, stating that nuclear power has a good track record despite past incidents. He believes that working with countries like France, the UK, Japan, and South Korea can demonstrate the potential of next-generation nuclear power and lead to the reconsideration of nuclear energy in countries like Germany. Gates aims to find energy sources with zero emissions and lower costs than coal, and he sees innovation as the key to driving profitability in the sector.

India’s bid to make GPAI as AI regulator gets global support

Economic Times

Economic Times · 1y ago

India’s bid to make GPAI as AI regulator gets global support

India is pushing for the Global Partnership on Artificial Intelligence (GPAI) to become the leading authority on AI regulation and global framework. The US, France, Canada, the UK, Japan, Korea, Brazil, and Argentina have reached an agreement, with a final negotiation expected on July 3. The goal is to expand GPAI's membership to include more countries and increase their influence in shaping global AI policies. India is currently the chair of GPAI and wants to include more nations, particularly from the Global South, in order to avoid duplication with other AI regulatory bodies.

South Korea to invest $7 billion in AI in bid to retain edge in chips

Economic Times

Economic Times · 1y ago

South Korea to invest $7 billion in AI in bid to retain edge in chips

South Korea is set to invest $6.94 billion in artificial intelligence by 2027 to maintain its position in cutting-edge semiconductor chips. An additional $1.4 trillion will be allocated to support AI semiconductor firms. This move aims to keep pace with other countries, such as the US, China, and Japan, which are also boosting their semiconductor supply chains. South Korea plans to enhance research and development in AI chips, including neural processing units and high-bandwidth memory chips. President Yoon Suk Yeol hopes to make South Korea one of the top three countries in AI technology and capture a 10% or more global market share in system semiconductors by 2030.

OpenAI to hold several developer summits in India this year

Economic Times

Economic Times · 1y ago

OpenAI to hold several developer summits in India this year

OpenAI's chief strategy officer, Jason Kwon, announced that the company will invest in the developer community in India and hold multiple developer summits in the country this year. Kwon praised India's potential to become a leader in AI, highlighting its large developer community and impressive talent. OpenAI plans to collaborate with Indian developers to address challenging AI issues and prioritize safety in AI development. Kwon emphasized the need for global AI safety and announced the launch of GPT Store, a marketplace for AI applications like ChatGPT.

Meta chief Mark Zuckerberg to visit South Korea

Economic Times

Economic Times · 1y ago

Meta chief Mark Zuckerberg to visit South Korea

Meta's CEO, Mark Zuckerberg, is planning a visit to South Korea, where he is expected to hold meetings with Samsung Electronics chairman Jay Y Lee and potentially meet with South Korean President Yoon Suk Yeol. The purpose of the meetings is said to be discussions on topics such as AI chip supply and generative AI. This would be Zuckerberg's first visit to South Korea since 2013. Both Meta and Samsung have declined to comment further on the matter.

Goldman Sachs recruits former Morgan Stanley banker Jaehoon Ahn for South Korea operations | Mint

Livemint

Livemint · 1y ago

Goldman Sachs recruits former Morgan Stanley banker Jaehoon Ahn for South Korea operations | Mint

Goldman Sachs has hired Jaehoon Ahn, a former Morgan Stanley employee, to lead its investment banking business in South Korea. Ahn will join as a managing director next month, having most recently served as VP and head of strategic planning at SK Bioscience. This move comes as part of a reshuffling of the Goldman team in South Korea, following the departure of former country and investment banking head David Chung. Ahn will also serve as co-country head and co-branch manager alongside Jae Joon Choi.

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

Economic Times

Economic Times · 1y ago

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

South Korea has asked the United States to address uncertainties related to export controls and subsidies for chip investment. The country's industry minister met with a US deputy secretary of commerce in Seoul to discuss the matter. The waiver that allowed Samsung Electronics and SK Hynix to import US chip-making equipment into China is set to expire next month, and it remains uncertain whether it will be extended. South Korea seeks active cooperation from the US to resolve these issues. Samsung and SK Hynix collectively dominate global DRAM and NAND flash markets.

From K-pop to sales girls, AI goes mainstream in South Korea

Economic Times

Economic Times · 1y ago

From K-pop to sales girls, AI goes mainstream in South Korea

AI humans are becoming mainstream in South Korea, with virtual humans being created by Pulse9 for various purposes. These digital creations have appeared as students, interns, and TV personalities, driving product sellouts. Pulse9 aims to expand the use of AI humans and is developing technology to make them more versatile. The demand for AI humans in South Korea initially came from the K-pop industry, but now these virtual beings are being integrated into society as colleagues and friends. However, the use of deepfakes raises concerns about the blurring of reality and authenticity.

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