Microsoft president proposes KYC to combat AI misuse

TL;DR Breakdown

  • Microsoft president Brad Smith has proposed the use of KYC to combat AI misuse.
  • Global AI challenges and proactive solutions.

Description

In an appearance before the U.S. Senate Committee on the Judiciary, Microsoft President Brad Smith discussed the role of Know Your Customer (KYC) policies in bolstering national security amid growing concerns about the misuse of artificial intelligence (AI) by foreign actors. Smith emphasized the importance of KYC policies, which have long been standard practice in … Read more

In an appearance before the U.S. Senate Committee on the Judiciary, Microsoft President Brad Smith discussed the role of Know Your Customer (KYC) policies in bolstering national security amid growing concerns about the misuse of artificial intelligence (AI) by foreign actors. Smith emphasized the importance of KYC policies, which have long been standard practice in traditional finance, as a means to enhance accountability and mitigate AI-related threats. Smith underscored Microsoft’s advocacy for KYC policies within the AI industry.

Microsoft wants to help AI service providers

The Microsoft president also asserted that they could help AI service providers identify and thwart potential abuses of their systems. By implementing KYC measures, companies can ensure that they have comprehensive knowledge of their customers, thereby enabling them to prevent malicious activities effectively. The discussion at the Senate Committee hearing also touched upon the dangers associated with AI, particularly its potential for spreading misinformation and interfering in elections. Smith highlighted how KYC policies could play a pivotal role in combating the misuse of AI, especially in matters related to national security.

Responding to concerns raised by Senator Marsha Blackburn of Tennessee regarding foreign interference, Smith stressed that all companies involved in AI technology development should take proactive measures to prevent the misuse of generative AI tools by foreign governments. Smith’s testimony in front of the Senate Committee marked his ongoing efforts to address AI-related challenges. Earlier in May, he urged lawmakers to expedite the establishment of AI regulations and called upon companies to take greater responsibility for safeguarding users and technology.

This included his endorsement of the idea that developers should obtain licenses before deploying AI tools. In June, the United Nations expressed its apprehensions regarding the use of AI-generated deepfakes in conflict zones, which can contribute to the propagation of hate. Smith also offered insights into Microsoft’s observations of global AI-related activities. While acknowledging substantial AI-related activities from China and Iran, he identified Russia as the most prolific actor on the global stage, having invested billions in a comprehensive influence operation.

Global AI challenges and proactive solutions

Smith pointed out that these activities had intensified following Russia’s invasion of Ukraine in 2022, with a specific focus on undermining public confidence in the United States. Furthermore, Smith noted that Russia’s influence activities extended beyond the United States and were also evident in the South Pacific and Africa, underscoring the global scale of the issue. Know Your Customer (KYC) policies, which have been a fixture in the banking sector since the 1980s, have gained renewed significance in the context of Web3 and digital technology. In the Web3 space, KYC policies have become a central concern due to the varying levels of personal data required when opening an account.

Notably, U.S.-based cryptocurrency exchanges like Coinbase, Binance.US, Kraken, and Gemini have adopted KYC policies and implemented measures such as geo-blocking to restrict access from prohibited regions. Smith’s endorsement of KYC policies in the AI sector coincides with the mainstream adoption of AI technology. With hundreds of generative AI platforms available on both mobile devices and desktop computers, ensuring accountability and responsible usage has become paramount. In addition to advocating for KYC measures, Smith suggested that AI could also serve as a defensive tool for detecting illicit AI usage.

Microsoft, he mentioned, has made substantial investments in this area to identify and counteract the misuse of AI technology. Finally, Smith emphasized the shared responsibility of both industry stakeholders and policymakers in addressing the challenges posed by AI. He called for governments to raise their standards and refrain from exploiting AI technology to interfere in the affairs of other nations, particularly in the context of foreign elections. Smith’s testimony served as a compelling call to action for the industry and policymakers alike to collaborate in ensuring the responsible and secure use of AI in an increasingly interconnected world.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Microsoft president proposes KYC to combat AI misuse

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月14日 02:59
Next 2023年9月14日 05:19

Related articles

  • Litecoin price analysis: Bears degrade price to $86.63, more downtrend ahead?

    TL;DR Breakdown Litecoin price analysis shows a downtrend Support for LTC is present at $85.06 LTC is down by 5.56 percent in the last 24 hours Litecoin price analysis for today indicates that the bearish momentum is still strong, and it has taken the price down to $86.63, a decline of 5.56 percent in the last 24 hours. The downtrend has been further supported by the lack of buying pressure in the market, as more traders seem to be exiting their positions. The crypto pair gained significant value during the last few days, managing to mark a higher high, rallying above $97.00 on 3rd April, but has since then been declining.  Litecoin price analysis 1-day price chart: LTC declines as Bears takeover The daily Litecoin price analysis shows that the bulls have lost control of the market, and bears are taking over. The market opened today at $87.59 and started dropping immediately, reaching the support line at $85.06 which is an intraday low. The trading session has been bearish so far, with the price showing no signs of recovery. And…

    Article 2023年6月11日
  • FTX seeks to exclude its Dubai unit from U.S. bankruptcy proceedings

    TL;DR Breakdown FTX seeks to exclude its Dubai unit from U.S. bankruptcy proceedings, citing solvency and no prior business in the UAE. The company advocates for voluntary liquidation in Dubai, with the exclusion needed to pay pre-bankruptcy wages to Dubai employees. A court hearing is set for August 23, as FTX plans to re-launch the exchange and emerge from bankruptcy by 2023. Description Bankrupt cryptocurrency exchange FTX seeks to exclude its Dubai-based unit from the ongoing wind-down proceedings in the U.S. Here’s an examination of the developments and the factors influencing this significant request. Contents hide 1 FTX’s bankruptcy and the Dubai unit 2 Reasons for excluding FTX Dubai 3 The legal perspective and future plans 4 Conclusion … Read more Bankrupt cryptocurrency exchange FTX seeks to exclude its Dubai-based unit from the ongoing wind-down proceedings in the U.S. Here’s an examination of the developments and the factors influencing this significant request. Contents hide 1 FTX’s bankruptcy and the Dubai unit 2 Reasons for excluding FTX Dubai 3 The legal perspective and future plans 4 Conclusion FTX’s bankruptcy and the…

    Article 2023年8月4日
  • Microsoft and CoreWeave join forces to unleash AI and cryptocurrency revolution

    TL;DR Breakdown Microsoft has partnered with CoreWeave, to explore the convergence of AI and the cryptocurrency industry. The collaboration aims to leverage cloud computing infrastructure to drive technological innovation. CoreWeave has expanded its expertise beyond Ethereum mining and is valued at $2 billion. In a groundbreaking move that showcases the ongoing convergence of artificial intelligence (AI) and the cryptocurrency industry, Microsoft has forged a transformative partnership with CoreWeave, a prominent former Ethereum miner. The collaboration aims to unlock unprecedented potential by harnessing the power of cloud computing infrastructure and advancing the boundaries of technological innovation. Emerging as one of the fastest-growing providers in the industry, CoreWeave has rapidly expanded its expertise beyond Ethereum mining. Recently valued at an impressive $2 billion, the company has attracted significant attention for its forward-thinking approach and commitment to pushing the technological envelope. While the financial specifics of the Microsoft-CoreWeave deal remain undisclosed, inside sources familiar with the matter have indicated that the tech giant has committed to a multi-year investment worth billions of dollars. This strategic move demonstrates Microsoft’s unwavering dedication to fostering groundbreaking…

    Article 2023年6月7日
  • PacWest Bancorp and regional bank shares swing amid market turbulence

    TL;DR Breakdown Midsize lenders PacWest Bancorp and Western Alliance Bancorp saw their shares rebound amidst speculation that the regional banking sector’s instability may be easing. The KBW Regional Banking Index, reflective of the overall sector’s performance, recorded a notable 7.2% increase, signaling a potential recovery. Despite an initial boost, some regional banks, such as Western Alliance and Zion Bancorp, saw their gains reduced in early trading, indicating persistent volatility in the sector. In an industry tossed by turbulence, US regional lenders PacWest Bancorp and Western Alliance Bancorp are inching their way up the stock market ladder. The banking industry has been battered by recent crises, leading to a volatile market. However, early indications show potential rebounds, possibly signaling a respite from the worst of the regional banking turmoil. PacWest Bancorp, currently exploring strategic options, has been steadily clawing its way back from a crippling downturn, with an increase of 7.9% in premarket trading on Thursday. This follows a promising 22% gain recorded earlier in the week. Meanwhile, Western Alliance Bancorp, a Phoenix-based lender that has recently displayed robust deposit growth,…

    Article 2023年5月19日
  • New Zealand urges caution on swift crypto regulation

    TL;DR Breakdown New Zealand advocates a cautious approach to cryptocurrency regulation. Instead of rushing, the country emphasizes adaptability and consistent guidance under existing laws. Description As the thundering waves of cryptocurrency fervor sweep across the globe, nations grapple to catch up, drafting regulations and implementing controls to harness this digital tide. New Zealand, however, charts a different course, urging global peers to proceed with caution rather than diving headfirst into the turbulent crypto waters. Walking the Tightrope: Balancing Innovation and … Read more As the thundering waves of cryptocurrency fervor sweep across the globe, nations grapple to catch up, drafting regulations and implementing controls to harness this digital tide. New Zealand, however, charts a different course, urging global peers to proceed with caution rather than diving headfirst into the turbulent crypto waters. Walking the Tightrope: Balancing Innovation and Control The Finance and Expenditure Committee of New Zealand’s House of Representatives commissioned a meticulous report last year that dissected the intricate world of cryptocurrencies. Penned with precision by a legal expert from MinterEllisonRuddWatts and an academic ace from the University of…

    Article 2023年8月20日
TOP