Seven Leading AI Companies Agree to Industry Best Practices in a Step Towards Meaningful Regulation

The White House announced Thursday that seven leading artificial intelligence companies have agreed to a handful of industry best practices, in a first step towards more meaningful regulation. The companies, Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI, have agreed to the principles that include security, transparency with the public and testing of their products internally before debuting them to the public.

The agreement, which is known as “voluntary commitments for responsible innovation,” underscores three fundamental principles of “safety, security and trust,” according to President Biden. The agreement comes after the emergence of widely available AI tools capable of crafting unique text and images based on user prompts, like OpenAI’s ChatGPT chatbot and DALL-E 2 image generator.

The agreement is intended to ensure that the companies are taking steps to protect users from potential risks associated with AI technology, such as the potential for misuse or abuse. It also seeks to ensure that the companies are transparent about their products and how they are used.

The agreement is a major step forward in the regulation of AI technology, and is seen as a sign of the industry’s commitment to responsible innovation. It is hoped that the agreement will help to ensure that AI technology is used responsibly and ethically, and that the public is kept informed of any potential risks associated with the technology.