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US artificial intelligence companies are deliberately overstating the risk posed by their technology for their own financial benefits, senior British officials believe
Andy Burnham told the UN general assembly that the world must rein in artificial intelligence and that there needs to be a “single set of global principles and standards”. He said while AI offers potentially transformative benefits to the economy, education and healthcare, it also represents a potential “source of disruption to the way we live and work”
However privately officials believe that AI companies have a vested interest in exaggerating the power of their technology
An official told The Times: “The companies are incentivised to sound the alarm: they sell more by overstating the power of their models, and they can squeeze out competition by being the only ones who can afford to operate in the constraints.”
They also said that Britain’s ability to regulate the sector is limited because the biggest AI models are owned by US companies
The official said: “The public message for parliament and the public has to be of concern and seeming like we’re acting. But in reality all that we can do is try and persuade the White House to include us in their frameworks.”