ChatGPT shows that artificial intelligence has gotten incredibly advanced -- and that it is something we should all be worried about, according to tech billionaire Elon Musk. "One of the biggest risks to the future of civilization is AI," Musk told attendees at the World Government Summit in Dubai, United Arab Emirates, shortly after mentioning the development of ChatGPT. "It's both positive or negative and has great, great promise, great capability," Musk said. But, he stressed that "with that comes great danger." The Tesla, SpaceX and Twitter boss was asked about how he sees technology developing 10 years from now.

There are real and legitimate concerns around economic stability as well as ethical questions surrounding the ability of AI to mimic human intelligence, but also more immediate concerns over firms exploiting consumer data and the privacy concerns associated with using AI for the purposes of hyper-targeting. Following its recent survey on the use of machine learning and AI in financial services, the FCA and Bank of England found that the biggest risk for consumers is data bias and data representativeness, while the biggest risk for firms was a lack of AI explainability. In line with the FCA and Bank of England's AI Discussion Paper, there is a key question for financial services surrounding whether AI can be managed through fine-tuning the existing regulatory framework, or whether a new approach is needed. The speech suggests that the Senior Managers' and Certification Regime (SMCR) can be applied to many of the new regulatory challenges posed by the use of AI in UK financial markets. Data is of particular importance to AI, and data quality assessments to determine relevance, representation and suitability are heightened in the context of AI.

Artificial intelligence has been talked about for years, but is it really close to taking over the world? Could you rely on it to manage your business? "Maybe you're using artificial intelligence without knowing that," said Iva Ignjatovic. "AI is pretty much everywhere. Even search engines predict the full search item."

The World Economic Forum was the first to draw the world's attention to the Fourth Industrial Revolution, the current period of unprecedented change driven by rapid technological advances. Policies, norms and regulations have not been able to keep up with the pace of innovation, creating a growing need to fill this gap.

The rise of smart technology devices gave people more convenient lives, made businesses more efficient and productive, and even gives us better protection from risks and hazards. However, criminals and, in some cases, governments could use these smart devices against consumers. Preface: What are IoT and A.I.? IoT stands for the Internet of Things, the technology that allows everyday devices to connect with each other seamlessly using the Internet. If that didn't make sense to you, just think how your smart security cameras could open your door when its facial recognition detects your face approaching the door. Meanwhile, A.I. stands for artificial intelligence.

For years, people have held abstract fears about AI – from scores of lost jobs to out of control robots. But as AI has evolved and more companies experiment with the technology, the fears have also evolved – as risks become more apparent. A new report from Harvard Business Review Analytic Services, "An Executive's Guide to Real-World AI," offers insights and first-hand accounts from top chief information and digital officers who are leading the charge in their organizations, ranging from Raytheon to Capital One. These fears are part of the reason that many early AI and automation use cases are limited to the task level, with final decisions and actions performed by humans, notes the report. But leaders in AI are addressing the concerns head on in their work.

Artificial intelligence (AI) poses the greatest threat to the oil and gas industry over the next five to 10 years, according to Microsoft's oil and gas director for the Middle East and Africa.

Days after Tesla CEO Elon Musk said that artificial intelligence (AI) was the biggest risk, Facebook has shut down one of its AI systems after chatbots started speaking in their own language defying the codes provided. According to a report in Tech Times on Sunday, the social media giant had to pull the plug on the AI system that its researchers were working on "because things got out of hand". "The AI did not start shutting down computers worldwide or something of the sort, but it stopped using English and started using a language that it created," the report noted. Initially the AI agents used English to converse with each other but they later created a new language that only AI systems could understand, thus, defying their purpose. This led Facebook researchers to shut down the AI systems and then force them to speak to each other only in English.

Days after Tesla CEO Elon Musk said that artificial intelligence (AI) was the biggest risk, Facebook has shut down one of its AI systems after chatbots started speaking in their own language defying the codes provided. According to a report in Tech Times on Sunday, the social media giant had to pull the plug on the AI system that its researchers were working on "because things got out of hand". The AI did not start shutting down computers worldwide or something of the sort, but it stopped using English and started using a language that it created," the report noted. Initially, the AI agents used English to converse with each other but they later created a new language that only AI systems could understand, thus, defying their purpose. This led Facebook researchers to shut down the AI systems and then force them to speak to each other only in English. In June, researchers from the Facebook AI Research Lab (FAIR) found that while they were busy trying to improve chatbots, the "dialogue agents" were creating their own language. Soon, the bots began to deviate from the scripted norms and started communicating in an entirely new language which they created without human input, media reports said. Using machine learning algorithms, the "dialogue agents" were left to converse freely in an attempt to strengthen their conversational skills. The researchers also found these bots to be "incredibly crafty negotiators". "After learning to negotiate, the bots relied on machine learning and advanced strategies in an attempt to improve the outcome of these negotiations," the report said. "Over time, the bots became quite skilled at it and even began feigning interest in one item in order to'sacrifice' it at a later stage in the negotiation as a faux compromise," it added. Although this appears to be a huge leap for AI, several experts including Professor Stephen Hawking have raised fears that humans, who are limited by slow biological evolution, could be superseded by AI. Others like Tesla's Elon Musk, philanthropist Bill Gates and ex-Apple founder Steve Wozniak have also expressed their concerns about where the AI technology was heading. Interestingly, this incident took place just days after a verbal spat between Facebook CEO and Musk who exchanged harsh words over a debate on the future of AI. "I've talked to Mark about this (AI).

Facebook shuts Artificial Intelligence system after bots create own language Days after Tesla CEO Elon Musk said that artificial intelligence (AI) was the biggest risk, Facebook has shut down one of its AI systems after chatbots started speaking in their own language defying the codes provided. According to a report in Tech Times on Sunday, the social media giant had to pull the plug on the AI system that its researchers were working on "because things got out of hand". "The AI did not start shutting down computers worldwide or something of the sort, but it stopped using English and started using a language that it created," the report noted. Initially the AI agents used English to converse with each other but they later created a new language that only AI systems could understand, thus, defying their purpose. This led Facebook researchers to shut down the AI systems and then force them to speak to each other only in English.