UK’s AI Safety Summit and US executive order usher in an era of AI regulation

This is the week where governments globally have perceptibly taken forward conversation about a broader artificial intelligence (AI) landscape including capabilities, risks, sustainability and confidence as well as standardization of information watermarks on AI generated content. Between the US President Joe Biden signing an executive order, The Bletchley Declaration at the UK AI Safety Summit, and the G7 agreement on a code of conduct for AI companies, first definitive steps have been taken towards AI regulation. AI companies seem willing partners in this process, at least for now.

The push for regulations and placing controls on quality, were needed. At a time when capabilities of general-purpose AI models (called frontier AI) are exceeding what most advanced AI models of today can and cannot do. While the more specific AI models are also adopting broader tools. Guidelines are being pieced together to keep tabs on how AI systems are tested for safety and accuracy, whilst user data privacy isn’t ignored with training data for AI systems.