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WASHINGTON, July 21, 2023 President Joe Biden announced that his administration has secured voluntary commitments from leading artificial intelligence companies to manage the risks posed by the technology in the White House Friday.

Artificial intelligence promises an enormous promise of both risk to our society and our economy and national security but also incredible opportunities, began Biden in his remarks. Attending the event were President of Microsoft Brad Smith, President of Google Kent Walker, President of Meta Nick Clegg and President of OpenAI Greg Brockman, among other tech leaders.

Biden and Vice President Kamala Harris met with tech leaders two months ago to underscore the responsibility of making sure that products they are producing are safe. Seven companies Amazon, AI safety and research company Anthropic, Google, AI startup Inflection, Meta, Microsoft, and OpenAI agreed to commitments that will be implemented immediately to help move toward safe, secure, and transparent development of AI technology.

The commitments seek to uphold key principles that the White House believes are fundamental to the future of AI, namely safety, security and trust.

The companies commit to ensuring products are safe before introducing them to the public by running products through internal and external security testing of AI systems before their release. The testing will be carried out in part by independent experts and will protect the public against the most significant AI risks including biosecurity and cybersecurity. Included in this commitment is assurance that the company will share information across the industry, with government, and academia on best practices for AI safety, attempts to circumvent safeguards, and technical collaboration.

Furthermore, the companies commit to putting security first by investing in cybersecurity safeguards andfacilitating third-party discovery and reporting of vulnerabilities in AI systems.

Finally, the companies commit to earning the publics trust by developing robust technical mechanisms to ensure that users know when content is AI generated to reduce dangers of fraud and deception. The companies will also publicly report their AI systems capabilities, limitations, and appropriate uses to address bias and fairness. They will also prioritize research on the societal risks that the AI systems can pose and develop and deploy advanced AI systems to address societys greatest challenges.

From cancer prevention to mitigating climate change to so much in between, AI if properly managed can contribute enormously to the prosperity, equality and security of all, read the announcement.

These commitments are real and they are concrete, said Biden. They are going to help fulfill industry fundamental obligation to Americans to develop safe, secure and trustworthy technologies that benefit society and uphold our values and shared values. He expressed his hope that AI will transform and improve the lives of Americans, claiming that he will work with federal agencies to make necessary steps to ensure AI will make a positive impact.

The White House has consulted with 21 different governments around the world about the voluntary commitments.

In October, the Biden Administration announced a blueprint for a first-ever AI Bill of Rights that identifies five principles that should guide the design, use and deployment of AI systems in order to protect American citizens. According to the White House, federal agencies have ramped up their efforts to protect American citizens from risks posed by AI technology.

In May, Biden signed an executive order directing federal agencies to root out bias in the design of AI technology and protect the public from algorithmic discrimination.

The White House also announced that it is currently underway to develop an executive order that will pursue bipartisan legislation to help America lead the way in responsible innovation.

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Office of National Intelligence Adopting AI for Data Processing - BroadbandBreakfast.com

July has been filled with movies that have made cinematic history. From the release of Barbie to Oppenheimer to the latest installment of the Mission: Impossible franchise, each movie sets a different mood but keeps the audience engaged from beginning to end.

Mission: Impossible Dead Reckoning Part One, released on July 12th, 2023, has once again captivated audiences with its thrilling action scenes and Tom Cruises daring stunts. In this movie, Ethan Hunt, played by Tom Cruise, is on a mission as part of the Impossible Mission Force, facing various obstacles along the way.

The main antagonist in this installment is The Entity, an Artificial Intelligence program that possesses unparalleled knowledge and aims for world domination. This portrayal of an AI villain reflects a fear that has emerged in the 21st century, as technology has become an integral part of our lives.

Growing up in a world where technology is ever-present, todays teenagers are exposed to the internet and advancements in devices and appliances. While these advancements have made our lives more convenient, they have also created a dependence on technology. Artificial intelligence is now a regular feature in our daily lives, assisting us with tasks but also raising concerns about potential consequences.

One of the major concerns is the exposure and vulnerability of personal data. As artificial intelligence continues to evolve, there is a possibility that these machines could surpass human intelligence, potentially leading to significant job displacement. Studies have shown that machines could replace more than 2 million jobs in the manufacturing sector by 2025, with every added robot potentially replacing 3.3 jobs in the United States.

The rise of artificial intelligence offers power and efficiency for businesses but poses a threat to workers. This could lead to an increase in unemployment and poverty rates, contrary to what should be happening. The correlation between the AI villain in Mission: Impossible and our fears about the future is evident.

The Entity in the movie represents the uncontrollable power that AI can possess, with the ability to deceive and even harm humans. The irony lies in the fact that its power is derived from the interconnectedness of the networks we rely on. Our personal information, communication devices, financial transactions, and more are all part of these deep networks that can be vulnerable to AIs ever-improving ability to learn and adapt.

As we continue to embrace and develop artificial intelligence, we must be aware of the potential risks it presents. Mission Impossible Dead Reckoning Part One authentically captures the genuine fear people have regarding AI and its increasing prominence in society. The movies high-tech spy gear and thrilling plot add to the overall suspense and unpredictability.

While movies like Mission: Impossible entertain us, they also serve as a reminder of the potential dangers and challenges that lie ahead as artificial intelligence continues to evolve.

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July Movies and the Growing Power of Artificial Intelligence - Fagen wasanni

Artificial intelligence (AI) has become a powerful tool in cybersecurity, enabling both stronger defense systems and more sophisticated attacks by threat actors. As the AI technology landscape continues to expand, the impact on cyber insurance and coverage must be considered.

Threat actors are leveraging AI to fuel large-scale, advanced attacks. Hackers can now more easily exploit vulnerabilities in target systems by swiftly identifying them using AI capabilities. However, organizations are also using AI to enhance threat detection, prevention, and incident response. By continuously analyzing network traffic, user activity, and system logs, AI-based systems can proactively identify risks and help prevent cyber disasters.

While AI offers defensive advantages, it also introduces new risks. Privacy concerns arise with platforms like ChatGPT, as seen when Samsung employees inadvertently uploaded sensitive code. Companies using AI must educate employees and mitigate associated risks to ensure cyber insurance coverage.

Underwriting cyber insurance policies is challenging due to the lack of standardized processes. Insurers often focus on the number of security tools a company has rather than the effectiveness of their people, processes, and technology. As AI transforms the assessment of risk, insurance companies like AXA XL are exploring ways to leverage AI automation for underwriting tasks and predictive modeling to segment potential policyholder risks.

Data quality becomes critical as insurers rely on AI for underwriting and claims decisions. Beazleys group head of cyber risks, Paul Bantick, emphasizes the need to improve data recording and analysis to gain a competitive advantage in the industry.

As the risk landscape changes, premiums for cyber insurance are a topic of interest. While premiums have been increasing in recent years, AI-driven underwriting processes could eventually lead to lower costs for policyholders. Insurers will use AI to evaluate the cyber resilience of customers in determining premiums. Policyholders must demonstrate effective cybersecurity capabilities to earn lower premiums and defend against AI-driven threats.

AI automation can also improve the efficiency of claims processes by examining claims data, detecting irregularities, and streamlining settlement evaluations. Insurance companies can leverage AI to better understand the relationship between controls and losses, ultimately reducing loss ratios.

In summary, the rise of AI technology has significant implications for cyber insurance. While it enhances defense capabilities, it also introduces new risks that need to be mitigated. As insurers leverage AI for underwriting and claims processes, data quality and effective cybersecurity strategies will be crucial factors in determining premiums and settling claims efficiently.

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The Impact of Artificial Intelligence on Cyber Insurance - Fagen wasanni

Dublin, Aug. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Cloud Computing Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.

The report highlights that the global cloud computing market was valued at US$428.844 billion in 2021 and is expected to grow at a CAGR of 16.32% to reach US$1,235.408 billion by 2028.

Market Overview:

Cloud computing refers to the constant use of computer resources housed in a distant data center and controlled by a cloud services provider (CSP), offering programs, servers (both physical and virtual), data storage, development tools, networking capabilities, and more. These resources are made available to users through a monthly subscription fee or based on consumption. The market for cloud computing is experiencing significant growth due to the adoption of emerging technologies like artificial intelligence (AI) and machine learning, which promote cloud expansion. The COVID-19 pandemic has further accelerated the adoption of cloud computing, as companies allowed remote work, and this trend is expected to continue. Cloud computing helps businesses overcome challenges to company continuity posed by lockdowns and work-from-home measures.

Market Drivers:

The report identifies several factors driving the demand for the cloud computing market, including the rising trend of Artificial Intelligence (AI) and the surge in Over-The-Top (OTT) platforms and applications. Cloud computing's expansion is also fueled by the adoption of innovative technologies like AI and machine learning, which offer benefits like customer satisfaction, cost control, and capital expenditure management. The growing demand for various OTT platforms like Prime Video, Netflix, Hotstar, and online communication tools like MS Teams, Zoom, Zoho, and Skype have significantly contributed to the market's growth. Furthermore, the need for cost-effectiveness and adaptability has led companies to modernize their infrastructural landscape, further fueling the expansion of the cloud computing market.

Challenges and Developments:

The threat of cyberattacks has grown significantly as digital technologies are adopted at an increasing rate. Cybersecurity and data privacy are significant challenges for market participants and consumers of cloud computing services, with large-scale financial and non-financial damages resulting from cyberattacks. The report also highlights recent market developments, including new data and analytics capabilities introduced by Google LLC for its data cloud during the company's virtual user conference in September 2022.

Market Segmentation:

The cloud computing market is segmented based on type, service, organization size, industry, and geography. Types of cloud computing include private, public, and hybrid clouds. The services offered include Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS). The market is further categorized by organization size into large enterprises and small and medium enterprises. The industry segments covered include Communication and Technology, BFSI, Manufacturing, Healthcare, Government, and Others.

Regional Insights:

North America is expected to hold the highest market share in the cloud computing market, being an early adopter of cutting-edge technology like AI, VR/AR, ML, big data analytics, and IoT. The region's enterprises have increasingly focused on adopting digital technology to improve operations and reduce costs, driving the uptake of cloud computing services. North American powerhouses like IBM, Oracle, Google, Apple, etc., have significantly enhanced the expansion of the cloud computing business in the region.

Key Players:

The report profiles major players in the cloud computing market, including:

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/k817pd

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Artificial Intelligence and OTT Platforms Drive Growth in Global ... - GlobeNewswire

MobileX, an American MVNO, is quickly redefining the telco landscape with its AI-based cloud-native mobile application, empowering customers with unparalleled customization, real-time insights and affordable data plans. Andrea Yukta Lavannya, Senior Editor and Vertical Analyst at The Fast Mode spoke to Peter Adderton, Founder and CEO of MobileX on his predictions for the wireless market, the challenges that MVNOs face, as well as the company's unique selling points, including their use of AI to ensure network reliability.

Andrea: What are 2023 top trends for MVNOs?

Peter: I expect there to be continued challenges for distributors and independent retailers. Following the acquisitions of the larger MVNOs by the carriers, things have gotten pretty bad. Im hearing all the time about the economic pressures these channel partners are facing, many of which serve customers in communities that desperately need them to stay around.

I also anticipate T-Mobile and Mint Mobile being on their best behavior as they try to get their transaction approved. I dont believe that carrier acquisitions have helped the MVNO industry or have led to better values for consumers. Carriers will aim to drive more profit from the MVNOs they have acquired, and I expect to see a greater push from them to make prepaid customers select longer duration plans to get the best pricing, say 3-month and 12-month packages, as well as further entice them with handset offers as part of longer-dated offerings. This is not good for consumers who rely on flexible, value-priced, prepaid service for their connectivity. This longer duration push will most likely combine with attempts to increase prepaid prices as the carriers try to create more cash flow.

Lastly, Im excited to see MVNOs increasingly adopt eSIMs vs. physical SIMs. The larger carriers have tried to delay eSIM as they view it as a threat to their handset lock-in programs which drive customer retention. I believe its a good thing for the industry as well as consumers, especially as it eliminates one issue that hinders consumers from switching carriers.

Andrea: What is MobileX's unique value proposition?

Peter: MobileXs unique value proposition is its ability to leverage artificial intelligence to create dynamic realtime, hyper-personalized experiences with the customer in mind. Our platform predicts how much data customers need, delivering a dramatic reduction in cost while ensuring reliable speed and service.

MobileX was created to empower individuals to reclaim control of their own mobile access. We do so by allowing consumers to customize their own mobile phone service, and giving them access to insights about their own mobile data use to inform their decisions. MobileX utilizes real-time API to provide consumers with accurate insights to their data usage. Users are able to see how much data they are using at any time and customize their service down to the hundredth of a gigabyte.

Andrea: How does an app-based MVNO work?

Peter: Unlike traditional carriers with brick-and-mortar stores and other traditional distribution channels, MobileX primarily operates through its cloud-native platform. This allows us to serve customers in real time when they need it.

New users are onboarded through the app and can start receiving service immediately with an eSIM, or with a free SIM card. Plan maintenance and updates are also done through the app. The splash page shows a users data in real-time - how much remaining data they have left and their usage over time. Users can also add or subtract their preferred amount of data anytime, change their voice/text plan, switch to an Unlimited Plan and more.

Andrea: How does AI help in managing network capacity and ensuring the reliability of your service?

Peter: MobileX is the first cloud-native platform that leverages AI to serve wireless customers. Being 100% app-based and hosted in the cloud with unprecedented core network access to our carrier partner enables us easily and efficiently harness the power of AI. We have unfettered access to real-time customer data usage which powers our platform and machine learning algorithms. This gives us the ability to analyze customer usage down to the individual level and provide a hyper-personalized plan for every customer. As the platform learns their habits, it adjusts accordingly and provides recommendations on how they can optimize their plan and save money. We also give customers the ability to customize their own plan and choose how much data they want, down to a hundredth of a gigabyte. However, what we have seen since launch is that many of those customers end up going back to the AI-guided plan to create the best value and lowest cost plan for them.

Andrea: What challenges do you see in growing your market share in an industry that is dominated by traditional wireless offerings?

Peter: The biggest challenge in the industry for a new disruptor like MobileX is the general inertia of customers in developed markets like the US. We affectionately call it being rusted on. Customers have often been complacent with these legacy carriers for years, accepting and paying their exorbitant bills every month. They dont know how much data they use and rarely go out of their way to shop around. In the postpaid market in the US, churn is less than 1% but we expect to fiercely challenge that once customers learn about our platform and try it out. Whereas prepaid churn is much higher at 5-6% and we think that segment is definitely overdue for an awakening and our plans suit those seeking better value on a tier-one network.

Peter Adderton is founder and CEO of MobileX, the most customizable wireless service designed to save consumers money. He is the driving force behind some of the most successful companies in the space. Peter founded Boost Mobile in Australia in 2000, which continues to be one of the leading mobile brands. He also founded Amp'd Mobile, and co-founded Mandalay Digital, now Digital Turbine (Nasdaq: APPS) which he remains a significant shareholder of.

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Wireless Reinvented: How Artificial Intelligence and Cloud-Native ... - The Fast Mode