• The international AI summit addressed critical issues such as job security, copyright, and inequality.
  • Minister Lee Jong-Ho highlighted the summit’s role in advancing discussions on AI safety, innovation, and inclusivity.
  • Ministers and officials from various countries explored ways to foster cooperation between state-backed AI safety institutes to better regulate the technology.

Lee Jong-Ho, South Korea’s Minister of Science and ICT, stressed the necessity of global cooperation to ensure the safe and equitable development of AI technologies on Wednesday.

Major agreements on AI safety

The international AI summit, co-hosted by South Korea and Britain, addressed critical issues such as job security, copyright, and inequality. Sixteen tech companies signed a voluntary agreement to promote safe AI development. Additionally, 14 major companies, including Alphabet’s Google, Microsoft, OpenAI, and six South Korean firms, pledged to use techniques like watermarking to identify AI-generated content and to support job creation and vulnerable social groups.

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Also read: What is AI safety? Examples and considerations

“Cooperation is not an option, it is a necessity,” stated Minister Lee Jong-Ho in an interview with Reuters. He highlighted the summit’s role in advancing discussions on AI safety, innovation, and inclusivity. Lee also mentioned the anticipated focus on enhanced collaboration among AI safety institutes at future summits.

Call for enforceable AI regulations

AI experts have welcomed the initial steps toward regulation but stress the need for enforceable rules. Francine Bennett, Director at the Ada Lovelace Institute, argued for mandatory regulations, stating, “We need to move past voluntary agreements… the people affected should be setting the rules via governments.”

Max Tegmark, President of the Future of Life Institute, underscored the importance of obligatory safety standards for AI services before market release. This approach aims to align safety with profit and prevent potential public backlash from unforeseen harm.

Future AI summits

The inaugural global AI summit was held in Britain in November, with the next in-person meeting expected in France in 2025. During Wednesday’s discussions, ministers and officials from various countries explored ways to foster cooperation between state-backed AI safety institutes to better regulate the technology.