16 AI giants meeting in South Korea will make new security commitments

Sixteen AI giants are meeting in Seoul, South Korea, for a global summit that will collectively make new security commitments and provide transparency and accountability for developing AI.

The two-day summit kicked off Tuesday, with South Korean President Yoon Seok-yol and British Prime Minister Sunak co-chairing an online meeting later Tuesday, AFP reported.

Sunak said in a statement before the meeting that AI companies will commit to providing transparency and accountability for developing secure AI.

Companies attending the meeting include US tech giants Microsoft, Amazon, IBM and Facebook parent Meta, France's Mistral AI and Zhipu.ai from China.

The companies will reach a security agreement, including a framework for assessing technology risks. What risks are covered that are "deemed unacceptable" and what steps the company will take to ensure that these thresholds are not crossed.

In the most extreme cases, companies will not be able to develop new models or systems if they cannot keep risk below the threshold.

In addition to the security of AI, the Seoul summit will discuss how governments can help spur innovation, including AI research at universities.

Participants will also consider how to ensure that AI technologies are accessible to all and help address issues such as climate change and poverty.