Why is it in the news?

• Recently, the G20 Delhi Declaration emphasized responsible AI practices, including human rights protection, transparency, fairness, and accountability.
• AI is on the rise with increased private investment, company adoption, and projected annual value ranging from $17.1 trillion to $25.6 trillion.

Other Recent Initiatives

• The G7 nations plan to draft an international AI code of conduct, focusing on voluntary commitments by companies to prevent harm.
• Pivotal interventions in 2023 include the draft EU AI Act and the US’s voluntary safeguards framework with AI firms.
• Approximately 700 policy instruments are under discussion for AI regulation, with broad agreement on regulatory principles.

Challenges in AI

• The possibility of Artificial General Intelligence is seen as a significant danger, with concerns about rogue AI systems and unchecked evolution.
• Challenges in AI include biased models, privacy issues, opaque decision-making, and impacts on various sectors.
• Generative AI poses risks to public discourse integrity through misinformation, disinformation, and personalized persuasion strategies.
• AI integration into defence frameworks carries the risk of triggering unanticipated military escalations.

Addressing AI risks

• While acknowledging risks, impeding AI’s advancement is inadvisable as it holds substantial promise for addressing complex challenges.
• Establishing worldwide consensus on AI risks is crucial to prevent vulnerabilities exploited by malicious actors.
• Developing standards for public AI services accelerates safety, quality, efficiency, and inter-operability across regions.
• States should have a substantial stake in AI’s design, development, and deployment to balance the dominance of a few companies.
• Reimagining public-private partnership models and regulatory sandbox zones can promote equitable solutions to AI challenges.