Artificial intelligence is changing economies, societies, and international governance structures at a rate faster than any previous technological revolution. While artificial intelligence (AI) offers incredible opportunities, it also increases current risks and introduces new ones, such as market disruption, systemic power concentration, misinformation, and cyber attacks.
We convened top investors to discuss this evolving environment at our second investor seminar on ethical AI, which took place in September. The discussion was unambiguous: conventional methods of governance are insufficient today. Safeguarding systems need to be more efficient, transparent, and independently verified as AI grows to billions of users.
Part of the conversation was the systemic nature of the risks associated with AI such as increased energy intensity, the possibility of bubbles associated with inflated expectations, and concentration among a small number of dominant players. These issues all point to the need for a more proactive and strategic approach to stewardship.
Three priorities surfaced:
• Support the development of standardised, quantitative measures of safeguard effectiveness
• Acknowledge energy use as a material issue comparable to financial performance
• Engage with developers, deployers, and policymakers throughout the entire AI value chain
Watch the second-panel discussion below.