Future Investment Initiative Institute urgent action on artificial intelligence risks

(Global TMT, October 27, 2023) At the Future Investment Initiative Summit held in Riyadh, 6,000 leaders, investors and innovators from East, West and Global South countries participated in more than 200 panel discussions aimed at In solving the major problems facing mankind, including the accelerated development of artificial intelligence and related technologies.

Regarding global concerns about the governance and regulation of artificial intelligence, the Future Investment Initiative identifies the urgent need for strong and immediate global action. Confirmed threats include: information reliability and security being weakened by artificial intelligence; artificial intelligence lowering barriers to manufacturing chemical and biological weapons; global cyberattacks are increasing and will increase by 38% in 2022.

This resolution proposes urgent actions for artificial intelligence: deepen policy cooperation between industry and government, improve transparency, implement accountability, and failure and risk reporting mechanisms; establish a unified and inclusive global artificial intelligence governance system, Include appropriate representation of emerging markets; invest proactively in skills development and social safety nets to ensure a smooth transition for workers displaced by AI; build appropriate global resilience to address risks; and expand commitment, transparency and accountability from AI companies , reducing AI risks by focusing on security and adopting a security-level-based approach to developing future AI models; a shared vision for a positive future is needed for this technology to be achievable.

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