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Top tech companies form group seeking to control AI

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Summary

A group of top tech companies have formed a group to seek to control AI. The group includes companies from all sectors such as energy, financials, health, industrials, media, professional services, retail & consumer, tech, telecoms, and transport. The US Federal Reserve has recently raised interest rates to its highest level in 22 years, and a British billionaire, Joe Lewis, has appeared in a US court on insider trading charges. The group hopes to create standards to shape the development of AI, and to ensure its ethical use.

Q&As

What tech companies are part of this group?
The tech companies that are part of this group have not been specified.

What is the purpose of this group?
The purpose of this group is to control AI.

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The benefits of subscribing to the Financial Times include access to a wealth of global news, analysis and expert opinion, access to the premier business column Lex, 15 curated newsletters, and access to both Standard and Premium Digital packages.

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AI Comments

👍 It's great to see companies come together to proactively work on controlling AI and its potential risks.

👎 It's concerning to see tech companies become more powerful and have more control over AI technology.

AI Discussion

Me: It's about how some of the top tech companies have formed a group to try to control artificial intelligence.

Friend: Interesting. What are the implications of this?

Me: Well, it could mean that these companies will have a lot of control over how AI is used and developed, which could potentially lead to some ethical and social issues. It could also have implications for the competition between tech companies, as the group could set the standards for AI applications. Finally, it could also create a barrier for other tech companies that don't have the resources to join the group.

Action items

Research the companies involved in the group and their individual stances on AI.
Follow the news and developments of the group and its initiatives.
Reach out to experts in the field to gain a better understanding of the implications of the group's formation.

Technical terms

AI (Artificial Intelligence): AI is a branch of computer science that focuses on creating intelligent machines that can think and act like humans.
myFT: myFT is a personalized news feed that allows users to customize their FT.com experience by following topics, authors, and companies.
Alphaville: Alphaville is the FT's financial markets blog, providing analysis and commentary on the latest news and trends in the global markets.
ETF Hub: ETF Hub is a resource for investors to find information about exchange-traded funds (ETFs).
Moral Money: Moral Money is a section of the FT that covers ethical investing, sustainable finance, and responsible business.
HTSI: HTSI stands for the FT's High Tech & Science Initiative, which is a group of top tech companies that are working together to control AI.