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Will consumers ever trust AI? Regulations and guardrails are key
Would you launch a product 52% of people said they feared would negatively impact their life?
If you answered no, you aren’t in the AI business. A recent Pew poll shows more than half of Americans describe themselves as more pessimistic than optimistic about artificial intelligence’s impact on their daily lives.
But the incredible potential of AI technology and its ease of proliferation means it’s coming, ready or not. The challenge to tech companies, governments, and civil society is standing up guardrails and regulations that will nudge public opinion toward widespread trust.
Former New Zealand Prime Minister Dame Jacinda Ardern, Microsoft Vice Chair and President Brad Smith and Eurasia Group President Ian Bremmer sat down to discuss the problem and its geopolitical implications in a recent Global Stage livestream, from the sidelines of the 78th UN General Assembly.
Watch the full Global Stage Livestream conversation here: Hearing the Christchurch Call
What is a techno-prudential approach to AI governance?
Can the world learn how to govern artificial intelligence before it’s too late?
According to Ian Bremmer, founder and president of GZERO Media and Eurasia Group, AI’s power paradox is that it’s both too powerful to easily govern, but too beneficial to outright ban. In a new video series on AI, Bremmer introduces the idea of “techno-prudentialism.” A mouthful of a word that will almost certainly come to define the way AI is governed, regulated, and controlled.
Techno-prudentialism is the idea that we need to identify and limit risks to global stability posed by AI without choking off innovation and the opportunities that come with it. It’s a tricky tightrope to walk, but it’s similar to how global finance is governed, known as macro-prudentialism. Despite conflict between, say, the US, China, and Europe, they all work together within institutions like the Bank of International Settlements, the IMF, and the Financial Stability Board to keep markets functioning. The do it because global finance is too important to allow it to break.
Techno-prudentialism applies that idea to the AI space. Bremmer lays out the case for a collective, international effort in AI governance, emphasizing the need for global institutions to address the many ways AI could challenge geopolitical stability. As the balance of power shifts towards technology companies in a techno-polar world [HYPERLINK TO TECHNO-POLAR VIDEO], Bremmer envisions these institutions creating a framework that balances AI’s power and benefits, while preventing it from inciting political instability on a global scale.
Insights on AI governance and global stability
Ian Bremmer and Mustafa Suleyman, CEO and co-founder of Inflection AI, delve into the realm of AI governance and its vital role in shaping our rapidly evolving world. Just like the macro-prudential policies that govern global finance, society now find itself in need of techno-prudential policies to ensure that artificial intelligence (AI) flourishes without compromising global stability. AI presents multi-faceted challenges, including disinformation, technology proliferation, and the urgent need to strike a balance between innovation and risk management.