U.S. Announces AI Safety Institute Consortium

- Advertisement -
- Advertisement -

The consortium’s security practices include red-teaming, capability evaluations, risk management, and watermarking synthetic content.

The Biden administration has announced the formation of the US AI Safety Institute Consortium (AISIC), including top artificial intelligence companies among 200 involved entities, to promote the safe development and deployment of generative AI. Commerce Secretary Gina Raimondo revealed the consortium on Thursday.  The consortium includes OpenAI, Alphabet’s Google, Anthropic, Microsoft, Meta Platforms, Apple, Amazon.com, Nvidia, Palantir, Intel, JPMorgan Chase, and Bank of America among its ranks.

Raimondo said that  the US government will play an important role in establishing standards and developing tools necessary to mitigate risks while maximising the benefits of artificial intelligence. The AISIC will operate under the U.S. AI Safety Institute (USAISI). It will also include major corporations like BP, Cisco Systems, IBM, Hewlett Packard, Northrop Grumman, Mastercard, Qualcomm, Visa, and key academic institutions and government agencies.

- Advertisement -
AI Safety
Image for representational purpose only

This group is tasked with implementing priority actions from President Biden’s AI executive order issued in October. It focuses on developing guidelines for various safety and security practices, including red-teaming, capability evaluations, risk management, and watermarking synthetic content. 

AI technology needs to be safer, given its potential to generate text, photos, and videos from open-ended prompts, raising concerns about job displacement, election interference, and even existential threats to humanity.

While the Biden administration moves forward with these safety measures, legislative efforts to address AI at the congress level have faced challenges, with proposed legislation stalling despite numerous discussions and proposals. 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

Six Steps To Building Better Business Assets

0
In the journey of asset-building, solving good problems trumps battling bad ones. Dive into six essential steps for building and leveraging effective assets—the game-changer...

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Buzz

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Noida’s Vervesemi Announces Made-In-India ASIC

0
The newly developed chip, proudly made in India, targets domains such as weighing scales and Force Touch technologies. A fabless semiconductor company based in Noida,...
GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Important Sectors

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Nasdaq Welcomes Lotus Tech With Modest Rise Post SPAC Deal

0
Lotus Technology's Nasdaq debut sees a 2% share increase post-merger with L Catterton-backed SPAC, marking a $7 billion valuation amidst a challenging EV market...

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

0
They aim to lead the way in advancing Type 6 fast chargers, the next-gen standard for speed and convenience. Trinity's Thunder Platform will integrate...

BYD YangWang U9 Debuts at $236,000: 0-100 km/h in 2.36s, LFP Battery

0
BYD Co. launched its priciest vehicle, a fully-electric supercar costing 1.68 million yuan ($233,450), on Sunday, competing with gas-powered counterparts from brands like Ferrari...

Manufacturing

GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Applied Ventures Funds VVDN Technologies

0
The investment demonstrates Applied Ventures' dedication to promoting innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing sectors. Applied Ventures, LLC, the venture capital...

Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

0
The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with...
Sona Comstar

Sona Comstar: First Indian Auto Supplier With PLI Certification

0
Sona Comstar, a leading EV traction motor manufacturer in India, receives PLI certification for its electric two-wheeler traction motor. Sona BLW Precision Forgings, commonly known...

Indian Manufacturers To Get Chinese Mobile Production Orders

0
Dixon has secured an order from Oppo for making phones, with an order size of around 5-6 lakh units per month.  Chinese firms have finally...