US Launches AI Safety Institute: A Collaborative Approach to Addressing Emerging AI Risks
The United States is taking a proactive step in the realm of artificial intelligence (AI) safety by establishing an institute dedicated to evaluating the known and emerging risks associated with “frontier” AI models. Secretary of Commerce Gina Raimondo unveiled this initiative during her speech at the AI Safety Summit in Britain, emphasizing the need for […]
Global insolvency
The general manager, Agustin Carstens, of Bank for International Settlements (BIS) said and quotes “We have only just overcome the liquidity phase of the crisis in countries that are now relaxing restrictions. In many others, the health crisis is still acute. And the epidemic could flare up again anywhere. Importantly, the shock to solvency is […]