Empowering Financial Literacy for Youth

Speaker 6
Elon
Speaker 1
Musk and other tech titans have released a letter calling for a temporary ban on the development of AI, citing concerns that we might inadvertently create an intelligence that actually outsmarts humans. What do you make of
Speaker 6
this letter? I think the letter is misplaced at the moment for a number of reasons. One is I think that it ignores the potential benefits of AI, which I don't think it would be right to arrest to stop. Secondly, I think in practice, I don't think it is feasible to stop the development of AI when we know that increasing computing power is something that inextrably has been deployed for decades from the dawn of computing. I think a better approach would have been to call for governments and regulators around the world to take seriously and to accelerate the development of appropriate regulation
Speaker 1
and also to work with each other. The EU is taking a much more measured and one could say more cautious approach. Last week, Italy temporarily banned chat GPT over data breach concerns. Why is the
Speaker 5
UK taking a different approach?
Speaker 6
I think the government is taking the right approach in not rushing to close down the application of a technology that has not proved itself to be fatal to any important aspects of life. At the moment, there are risks there. It is true, but recognizing that regulation does need to go beyond what is currently there, but not to press even if it were possible to do so. The emergency stop button. I don't think that's possible. I don't think it's desirable.

Emma Grede, Mellody Hobson & Angela Ahrendts on inclusive leadership

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