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AI could dwarf Industrial Revolution's impact on 'all elements of life,' senior UK official says

FOX News

Fox News correspondent Gillian Turner has the latest on the president's focus amid calls for an impeachment inquiry on'Special Report.' The deputy prime minister of the United Kingdom is speculating that the proliferation of artificial intelligence will have a bigger impact on the nation than the Industrial Revolution. "This is a total revolution that is coming," deputy PM Oliver Dowden told The Times. "It's going to totally transform almost all elements of life over the coming years, and indeed, even months, in some cases." "It is much faster than other revolutions that we've seen and much more extensive, whether that's the invention of the internal combustion engine or the Industrial Revolution," he added.


AI concentrating more power in Big Tech's hands, NYU researchers warn

FOX News

The rise of artificial intelligence is entrenching more economic and political power in the hands of Big Tech companies, according to researchers at New York University (NYU) who argue AI must undergo more scrutiny and regulation. AI Now, a research institute at NYU, released a new report detailing how major tech companies wield significant control over AI, arguing such influence must be addressed now before the situation gets too out of hand. "This report is written with this task in mind: we are drawing from our experiences inside and outside government to outline an agenda for how we -- as a group of individuals, communities, and institutions deeply concerned about the impact of AI unfolding around us -- can meaningfully confront the core problem that AI presents, and one of the most difficult challenges of our time: the concentration of economic and political power in the hands of the tech industry -- Big Tech in particular," the document states. The authors add that AI development has been "foundationally reliant" on resources controlled by Big Tech, including data and computer power. Plus, they write, Big Tech companies have gained geopolitical importance by playing a central role in the U.S.-China race for AI supremacy, thereby conflating "the continued dominance of Big Tech as synonymous with U.S. economic prowess, and [ensuring] the continued accrual of resources and political capital to these companies."


Regulators should keep their hands off AI and forget Musk-backed pause: economist

FOX News

'The Five' co-hosts discuss new AI bot ChatGPT and the impact artificial intelligence will have on future jobs. The growing strength of artificial intelligence threatens millions of jobs, but if regulators stay away, the emerging tech may make society wealthier and more productive. History has repeatedly shown the same result for other technological advances dating back to the Industrial Revolution, economist Peter St. Onge said. "Throughout history, we've gone through tremendous technological revolutions. Generally, technologies kill jobs," St. Onge, with the Heritage Foundation, told Fox News Digital.