UPenn Wharton School Associate Professor Ethan Mollick weighs in on the Biden White House's new guidelines for artificial intelligence in the workplace on'Fox News Live.' South Korea's science and information technology minister said on Wednesday the world must cooperate to ensure the successful development of AI, as a global summit on the rapidly evolving technology hosted by his country wrapped up. A separate pledge was signed on Wednesday by 14 companies including Alphabet's Google, Microsoft, OpenAI and six Korean companies to use methods such as watermarking to help identify AI-generated content, as well as ensure job creation and help for socially vulnerable groups. "Cooperation is not an option, it is a necessity," Lee Jong-Ho, South Korea's Minister of Science and ICT (information and communication technologies), said in an interview with Reuters. Han Duck-soo, South Korean Prime Minister, gives a speech during the opening ceremony of the AI Global Forum in Seoul, South Korea, on May 22, 2024. South Korea's science and information technology minister said on Wednesday the world must cooperate to ensure the successful development of AI, as the summit on the rapidly evolving technology hosted by his country wrapped up.

The first 16 companies have signed up to the voluntary artificial intelligence safety standards introduced at the Bletchley Park summit, Rishi Sunak has said on the eve of the event's follow-up in Seoul. But the standards have faced criticism for lacking teeth, with signatories committing only to voluntarily "work toward" information sharing, "invest" in cybersecurity and "prioritise" research into societal risks. "These commitments ensure the world's leading AI companies will provide transparency and accountability on their plans to develop safe AI," Sunak said. "It sets a precedent for global standards on AI safety that will unlock the benefits of this transformative technology." Included in the 16 are Zhipu.ai, The presence of signatories from countries that have been less willing to bind national champions to safety regulation is a benefit of the lighter touch, the government says.