The Sunday Brew #28
In this brew - OpenAI CEO calls for regulations, AWS to invest $12.7B in India, Leak shows new Meta app competing Twitter and G7 Summit at Hiroshima
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TOP STORY
OpenAI CEO Sam Altman advocated for AI Regulations
Sam Altman, the CEO of OpenAI, testified before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on May 16, 2023. In his testimony, he called for the urgent regulation of artificial intelligence (AI). He argued that AI is a powerful technology that has the potential to do great good, but also great harm. He said that without regulation, AI could be used to create weapons of mass destruction, spread disinformation, and automate jobs, leading to widespread unemployment.
Altman proposed a three-part plan for regulating AI. First, he called for the creation of a new federal agency that would be responsible for regulating AI. This agency would set safety standards for AI systems and would have the authority to investigate and punish companies that violate those standards. Second, Altman called for the creation of a public database of AI systems that would be searchable by the public. This database would allow people to learn about the capabilities of AI systems and to make informed decisions about whether to use them. Third, Altman called for the development of ethical guidelines for the development and use of AI. These guidelines would help to ensure that AI is used in a responsible and beneficial way.
Altman's testimony has been met with mixed reactions. Some people agree with him that AI is a powerful technology that needs to be regulated. Others argue that regulation would stifle innovation and that the benefits of AI outweigh the risks. One thought is also that if all AI companies are subject to the same regulations, it could make it more difficult for smaller companies to compete with larger, more established companies. This could benefit OpenAI, as it is one of the largest and most well-funded AI companies in the world.
Join the conversation by sharing your views in the comments.
WEEK IN THE NEWS
AWS to invest $12.7B in India in Cloud Infrastructure
Amazon Web Services (AWS) announced on Thursday that it will invest $12.7 billion in India by 2030 to upgrade and scale up its cloud infrastructure in the country. The investment will support around 132,000 full-time equivalent jobs in Indian businesses each year, across positions including construction, facility maintenance, engineering, telecommunications, and others.
AWS's additional investment comes after it finished investing $3.7 billion in India between 2016 and 2022. The company said the investment will help it meet the growing demand for cloud computing services in India, which is expected to reach $100 billion by 2025. Read On »»»
Sneakpeek in to the Meta’s Decentralized Social Media
In March, there were reports about Meta's ongoing efforts to challenge Twitter with a decentralized social media application known as P92, which would be in fediverse with Instagram and Facebook.
A leaked image surfaced on Friday, albeit somewhat blurry, providing us with a sneak peek into the appearance of the soon to be launched app. Read On »»»
G7 Summit is underway at Hiroshima
Group of Seven is an informal group of seven of the world's largest advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union (EU) is also represented as a "non-enumerated member" at all G7 meetings.
The 49th G7 Summit is being held at Hiroshima, Japan from 19-21 May, 2023. Apart from th member countries of G7, it is being attended by representatives from 9 other countries including India, Brazil and Ukraine. The key agendas for the summit are global security, economic resilience and climate change.
View complete summit sessions and reports here.
STORY IN A PICTURE
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