adplus-dvertising
Connect with us

Business

Musk, other tech experts urge halt to further AI developments

Published

 on

More than 1,000 tech leaders sign petition calling for pause of ‘giant AI experiments’ in response to the release of GPT-4.

Billionaire businessman Elon Musk and a range of tech leaders called on Wednesday for a pause in the development of powerful artificial intelligence (AI) systems to allow time to make sure they are safe.

An open letter, signed by more than 1,000 people so far including Musk and Apple co-founder Steve Wozniak, was in response to San Francisco startup OpenAI’s recent release of GPT-4, a more advanced successor to its widely-used AI chatbot ChatGPT that helped spark a race among tech giants Microsoft and Google to unveil similar applications.

The company says its latest model is much more powerful than the previous version, which was used to power ChatGPT, a bot capable of generating tracts of text from the briefest of prompts.

“AI systems with human-competitive intelligence can pose profound risks to society and humanity,” said the open letter titled “Pause Giant AI Experiments”.

“Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable,” it said.

Musk was an initial investor in OpenAI, and spent years on its board. His car firm Tesla develops AI systems to help power its self-driving technology, among other applications.

The letter, hosted by the Musk-funded Future of Life Institute, was signed by prominent critics as well as competitors of OpenAI like Stability AI chief Emad Mostaque.

A number of governments are already working to regulate high-risk AI tools. The United Kingdom released a paper on Wednesday outlining its approach, which it said “will avoid heavy-handed legislation which could stifle innovation”. Lawmakers in the 27-nation European Union have been negotiating the passage of sweeping AI rules.

[embedded content]

‘Trustworthy and loyal’

The letter quoted from a blog written by OpenAI founder Sam Altman, who suggested that “at some point, it may be important to get independent review before starting to train future systems”.

“We agree. That point is now,” the authors of the open letter wrote.

“Therefore, we call on all AI labs to immediately pause for at least six months the training of AI systems more powerful than GPT-4.”

They called for governments to step in and impose a moratorium if companies failed to agree.

The six months should be used to develop safety protocols, AI governance systems, and refocus research on ensuring AI systems are more accurate, safe, “trustworthy and loyal”.

The letter did not detail the dangers revealed by GPT-4.

But researchers including Gary Marcus of New York University, who signed the letter, have long argued that chatbots are great liars and have the potential to be superspreaders of disinformation.

However, author Cory Doctorow has compared the AI industry to a “pump and dump” scheme, arguing that both the potential and the threat of AI systems have been massively overhyped.

728x90x4

Source link

Continue Reading

Business

Suncor Energy pleads guilty to charges for 2019 injury on oil vessel off Newfoundland

Published

 on

 

ST. JOHN’S, N.L. – Suncor Energy has been fined $90,000 after pleading guilty to two charges stemming from a worker injury in 2019 aboard its production vessel in an oilfield off the coast of Newfoundland.

In a news release Thursday, the province’s offshore oil regular said the company must also give $20,000 to the College of the North Atlantic’s health and safety management program.

The Canada-Newfoundland and Labrador Offshore Petroleum Board says Calgary-based Suncor pleaded guilty on Sept. 5 for failing to ensure the safety of its employees and failing to ensure its employees wore a safety harness attached to a lifeline while inside a confined space.

The board says a worker fell 7.6 metres from a safety ladder while testing for hydrogen sulfide in a ballast tank on the floating production and storage vessel in the Terra Nova offshore oilfield.

An agreed statement of facts says two emergency response workers then went into the tank to tend to the fallen man, and they were not wearing gas masks.

Suncor Energy is the majority owner of the Terra Nova oilfield, and it reported net earnings of $1.57 billion in the second quarter of this year.

This report by The Canadian Press was first published Sept. 17, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

TD Bank announces new co-heads of U.S. commercial banking business

Published

 on

 

Toronto-Dominion Bank has named new co-heads of its U.S. commercial banking business.

TD says Andy Bregenzer and Jill Gateman will jointly lead the operations.

The bank says the appointments follow the announcement earlier this year of Chris Giamo’s retirement.

Bregenzer will focus on leading all aspects of the regional commercial bank, including small business.

Gateman will lead TD’s national commercial banking effort in the U.S., including middle market, sponsor-backed finance and TD’s other specialty lending lines of business.

TD, which is working to resolve investigations into failures in its anti-money laundering program in the U.S., announced last week that chief executive Bharat Masrani would retire next year and be replaced by Raymond Chun.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Payments tech company Lightspeed Commerce conducting strategic review of business

Published

 on

 

MONTREAL – Lightspeed Commerce Inc. says it is conducting a review of its business and operations including talks relating to a range of potential strategic alternatives.

The Montreal-based payments technology company made the comments after reports concerning a potential transaction involving the company.

Lightspeed says it periodically undertakes a review of its business and operations with a view of realizing its full potential.

A strategic review is often seen by investors as a prelude to a sale by a company.

Lightspeed says its board of directors is committed to acting in the best interests of the company and its stakeholders.

Company founder Dax Dasilva returned to the role of chief executive officer earlier this year and has been working to return the company to profitability.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:LSPD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending