Is the Future of AI Safe with Companies racing to develop it?
In the present go-digital era, Artificial Intelligence (AI) is playing a significant role in our daily life. The introduction of this technology is extensively used in a wide area of day to day services, bringing the idea of error free world. AI in due course imparts incredible advantages on society, from quicker, more precise medical diagnoses to more sustainable management of energy resources, and so much more. In today’s mechanical system, innovation is moving at a rapid pace and the first to complete a technological breakthrough are the real winners, and the teams that develop AI technologies first will reap the benefits of market power.
For instance, when an organization is racing itself to be the first to develop a particular product, adherence to regulations can grow too lax. Hence, it is highly critical for developers and researchers to work in accordance, as great as AI could be. This phase also comes with risks, from unintended bias and discrimination to potential accidental catastrophe. These risks will be intensified if teams struggling to build some product or feature first do not take the time to properly scrutinize and assess every aspect of their programs and designs. Yet, though the risk of an AI race is tremendous, companies cannot survive if they do not try to win the battle.
John Havens, Executive Director with the IEEE, says, “Safety is really about asking about people’s values. We have to help people re-imagine what safety standards mean. By going over safety, you are now asking: What is my AI system? How will it interact with end users or stakeholders in the supply chain touching it and coming into contact with it, where there are humans involved, where it’s system to human vs. system to system?”
But for organizations who looks into all these standards strictly, he added, “You are going to discover all these wonderful ways to build more trust with what you are doing when you take the time you need to go over those standards.”