Jensen Huang, CEO of Nvidia Corp, On Tuesday, said that the rapidly developing area of artificial intelligence will give rise to strong technologies that would require legal control and social norms.
While addressing an event in Stockholm, where officials announced upgrading the Sweden's fastest supercomputer using Nvidia tools, Huang said, "Remember, if you take a step back and think about all of the things in life that are either convenient, enabling or wonderful for society, it also has probably some potential harm,” reported by Reuters.
Nvidia's chips are used extensively in AI systems, including the supercomputer Microsoft Corp created for startup OpenAI, in which Microsoft announced on Monday it would make a multibillion-dollar investment.
Similar to how medical organisations provide guidelines for the practice of safe medicine, Huang said that engineering standards groups should create guidelines for developing safe AI systems. However, he also emphasised the need of laws and social norms in the development of AI.
Legislators and regulators throughout the world have lately started to focus more on AI, in response, the Council of the European Union in 2022 approved the Artificial Intelligence Act, which will apply to the provision, use, import, and distribution of AI systems.
The European Union's Artificial Intelligence Act (AIA) would establish a mechanism for self-certification and government control of certain classes of high-risk AI systems, mandate transparency for AI systems that include human interactions, and try to outlaw some unacceptable AI characteristics.
Companies in China are required to obtain approval from the government before implementing any sort of algorithm-based online recommendation system, under a new artificial intelligence rule that was approved in March 2022. Therefore, the field of application is substantially less than the European Artificial Intelligence Act, yet it is already in use.
Currently, there are no laws in India that directly address the regulation of AI, ML, or big data. However, However, the Ministry of Electronics and Information Technology, recently constituted committees to bring in a policy framework for AI.