In a recent Bloomberg interview, JPMorgan CEO Jamie Dimon unveiled his AI-driven vision for the financial industry.
Dimon expressed his belief that AI has the potential to revolutionise every aspect of JPMorgan’s operations, from trading and hedging to research and error detection. He described AI as a "living, breathing thing," capable of transforming traditional processes and augmenting human...
In a stark address to the UN, UK Deputy PM Oliver Dowden has sounded the alarm on the potentially destabilising impact of AI on the world order.
Dowden has urged governments to take immediate action to regulate AI development, warning that the rapid pace of advancement in AI technology could outstrip their ability to ensure its safe and responsible use.
Speaking at the UN General Assembly in New York, Dowden highlighted that the UK will host a global summit in November...
OpenAI has announced DALL-E 3, the third iteration of its acclaimed text-to-image model.
DALL-E 3 promises significant enhancements over its predecessors and introduces seamless integration with ChatGPT.
One of the standout features of DALL-E 3 is its ability to better understand and interpret user intentions when confronted with detailed and lengthy prompts:
"A middle-aged woman of Asian descent, her dark hair streaked with silver,...
In a world where sensational headlines about AI and autonomous robots dominate the media landscape, a new report sheds light on a different narrative.
The research, funded by the Nuffield Foundation, explores the nuanced impacts of AI adoption on jobs and work quality. Contrary to the doomsday predictions, the report suggests that AI could have a positive influence on employment and job quality.
The study, conducted by the Institute for the Future of Work (IFOW),...
The Competition and Markets Authority (CMA) has set out its principles to ensure the responsible development and use of foundation models (FMs).
FMs are versatile AI systems with the potential to revolutionise various sectors, from information access to healthcare. The CMA's report, published today, outlines a set of guiding principles aimed at safeguarding consumer protection and fostering healthy competition within this burgeoning industry.
Foundation models – known...
The UK is pitching its vision for leveraging AI’s potential to accelerate development in the world's most impoverished nations during the UN General Assembly (UNGA).
The vision was set out by UK Foreign Secretary James Cleverly and calls upon international partners to collaborate and coordinate their efforts in harnessing AI for development in Africa and making progress towards the UN's Sustainable Development Goals.
As part of its efforts, the UK is launching the 'AI...
The Biden-Harris Administration has announced that it has secured a second round of voluntary safety commitments from eight prominent AI companies.
Representatives from Adobe, Cohere, IBM, Nvidia, Palantir, Salesforce, Scale AI, and Stability attended the White House for the announcement. These eight companies have pledged to play a pivotal role in promoting the development of safe, secure, and trustworthy AI.
The Biden-Harris Administration is actively working on an...
The UK government has announced plans for the global AI Safety Summit on 1-2 November 2023.
The major event – set to be held at Bletchley Park, home of Alan Turing and other Allied codebreakers during the Second World War – aims to address the pressing challenges and opportunities presented by AI development on both national and international scales.
Secretary of State Michelle Donelan has officially launched the formal engagement process leading up to the summit....
The inaugural ‘UK AI Week in Bangkok’ was hosted by the British embassy to foster discussions on AI governance and applications.
Held between 15-18 August, the four-day event served as a dynamic platform to spotlight the country’s AI prowess and strengthen the growing partnership between the UK and Thailand.
The week kicked off with a high-level policy roundtable on 15th August at the Eastin Grand Hotel Phayathai, where esteemed experts and policymakers from both...
A study conducted by computer and information science researchers from the UK and Brazil has raised concerns about the objectivity of ChatGPT.
The researchers claim to have discovered substantial political bias in ChatGPT's responses, leaning towards the left side of the political spectrum.
Published in the journal Public Choice this week, the study – conducted by Fabio Motoki, Valdemar Pinho, and Victor Rodrigues – argues that the presence of political bias in...
