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Rishi Sunak Addresses the Future of Artificial Intelligence: Promises a Secure and Inclusive AI Revolution

Lion Herald Newsletter | Issue #5 - Thursday October 26, 2023 | Lincoln, UK

Hey there! Welcome to the Lion Herald Newsletter. We're all about tech and innovation – the cool stuff! Whether you're an entrepreneur, forward-thinking business leader, change-maker or just curious, the content of this newsletter aim to spark your ideas, and inspiration to transform innovative concepts into practical solutions for your community.

Dear Lion Herald Reader,

In a forward-looking address this Thursday, Prime Minister Rishi Sunak at Royal Society , unveiled his vision and the priorities for the future of artificial intelligence (AI) as the United Kingdom prepares to host a groundbreaking AI summit. Sunak's speech encompassed a range of key points, emphasizing the potential of AI, its associated risks, and a commitment to ensure AI benefits all, while enhancing global security.

Addressing a captivated audience, Sunak commenced by highlighting his belief that AI would usher in a transformation as profound as the Industrial Revolution, underlining the enormous impact AI is poised to make on society and the economy.

The Prime Minister acknowledged the new dangers and fears that accompany the rapid development of AI. He stressed the importance of addressing these concerns directly and proactively. "The right speech for me to make is to address those fears head on," he asserted, laying the foundation for a thorough exploration of AI's promise and perils.

A report released alongside Sunak's speech highlighted the multifaceted threats associated with AI. It underlined the ability of AI to bolster terrorist capabilities, including propaganda dissemination, bioweapon development, and attack planning. Additionally, the analysis, published by the Government Office for Science, warned that by 2025, AI could lead to a surge in cyber-attacks, scams, fraud, and other criminal activities. It also did not rule out the possibility of AI posing a broader threat to humanity.

Download the Report Here

A Stark Warning: The Consequences of Mishandling AI

Prime Minister Sunak urged transparency and honesty when discussing the risks posed by AI. Citing an assessment, he delivered a stark warning, "Get this wrong, and AI could make it easier to build chemical or biological weapons, terrorist groups could use AI to spread fear and destruction on an even greater scale." The potential misuse of AI technology was a pivotal concern that Sunak confronted head-on.

Sunak delved into the extreme possibilities, mentioning the concept of "superintelligence" and the hypothetical scenario in which humanity loses control of AI technology. While he reassured the public that this is not an immediate risk, he recognized the importance of addressing such concerns and emphasized that experts remain divided on the issue.

Three-Pronged Approach to Address Risks

The Prime Minister presented a comprehensive strategy to mitigate AI-related risks. The first aspect involves "Keeping you safe," asserting that only governments possess the capability to assess the risks to public security effectively. The UK is establishing a "world-leading capability" to evaluate the safety of AI models within the government, with the creation of a new task force.

Regarding the pace of AI development, Sunak defended the government's report, which aims to provide transparency about potential risks. He acknowledged AI's potential to empower malicious actors but stressed ongoing debates about the likelihood of these risks materializing.

Sunak announced the establishment of the world's first AI Safety Institute in the UK, dedicated to meticulously examining and testing new AI technologies. He further reiterated that the UK would host an AI summit at Bletchley Park in the coming week, marking the UK's commitment to advancing AI safety and innovation.

The issue of access to the AI Safety Institute's code and datasets was also raised. Sunak emphasized the need for international collaboration, as AI safety should not be a matter left to individual companies. He highlighted the significance of ensuring AI systems' safety before their release.

Advocating for international cooperation, Sunak asserted that the work of the AI Safety Institute would be made available to the world. By taking a global approach to AI safety, the UK aims to set a precedent for responsible AI development worldwide.

Ensuring Inclusive AI Benefits for All

The final part of Sunak's plan focuses on ensuring that the benefits of AI are accessible to all citizens. He cited the strong foundations already in place and highlighted an almost £1 billion investment in a supercomputer, promising capabilities "thousands of times faster than the one you have at home." Further investment in quantum computing was also confirmed, indicating the UK's determination to remain at the forefront of AI innovation.

A report released alongside Sunak's speech highlighted the multifaceted threats associated with AI. It underlined the ability of AI to bolster terrorist capabilities, including propaganda dissemination, bioweapon development, and attack planning. Additionally, the analysis, published by the Government Office for Science, warned that by 2025, AI could lead to a surge in cyber-attacks, scams, fraud, and other criminal activities. It also did not rule out the possibility of AI posing a broader threat to humanity.

Regulation: Not a Rushed Endeavor

In response to inquiries about regulating AI, Sunak advocated for caution, emphasizing that it is essential to have a profound understanding of AI before attempting to regulate it. He stressed the need to prioritize investment in government capabilities to comprehend the risks associated with AI fully. By taking these steps, he believed the UK could make informed decisions regarding AI regulation.

Concerning the upcoming AI summit, journalists inquired about China's participation. Sunak admitted uncertainty but highlighted the importance of international collaboration in shaping the future of AI. He stressed the need for global discussions given that AI transcends national borders.

Sunak pledged to do the right thing, not the easy thing, by addressing AI-related risks and ensuring AI's benefits are accessible to all. He envisioned a future where technology plays a transformative role in improving lives, emphasizing his commitment to embracing the opportunities that AI presents.

Sunak's speech not only showcased the UK's dedication to AI innovation but also its role as a leader in promoting responsible AI development and global collaboration for AI safety.

Thanks for reading,

Fabrice Iranzi, Lion Herald

Tech Headlines Today

In the third quarter of 2023, UK venture capital (VC) funding remained stable at $5.2 billion, marking an 8% decrease from the previous quarter. The number of deals completed fell by 34% to 713, but a series of substantial VC investments helped offset the overall decline. The Birmingham-based Conigital's £500 million raise, although not yet closed, accounted for over 10% of the national VC funding. Ovo Energy secured £200 million in July, and Apollo Therapeutics raised £187 million the following month. Notably, half of the VC investments went to businesses outside of London. Despite these challenges, the AI sector continued to thrive, offering a promising area for future investment, while the UK remained a key player in the European tech sector.

Global startup accelerator, ZEBOX, inaugurated its UK hub in Manchester, the sixth addition to its network of innovation hubs. Established by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, ZEBOX aims to bolster sustainable innovations with a focus on decarbonization and operational optimization, particularly through AI, within the supply chain sector. This expansion complements existing hubs in Marseille (France), Guadeloupe (Caribbean), Ivory Coast, the USA, and Singapore (Asia Pacific), which have collectively engaged with over 250 startups and 20 corporate leaders, fostering more than 340 collaborations. ZEBOX UK, located on Portland Street in Manchester, is set to provide mentoring, funding, and support to regional startups, focusing on operational efficiency, assets optimization, decarbonization, workflow automation, and the future of work. The initial cohort features ten startups specializing in AI, machine learning, quantum computing, and decarbonization. This move aligns with Greater Manchester's growing tech prowess and sustainability aspirations, aiming to be carbon neutral by 2038. Manchester City Council and MIDAS, Manchester's Inward Investment Agency, welcome this initiative as it contributes to innovation, sustainability, and job creation.

Thanks for joining us in this edition of the Lion Herald Newsletter. We hope you've found inspiration and valuable insights to fuel your tech and innovation journey. Remember, every idea counts, and together, we can turn them into real-world solutions. Stay curious, stay innovative, and stay tuned for more exciting stories in our next issue!

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