You have certainly heard of the two infamous letters written by some AI experts attracting other no-AI experts to sign them as well.
First we had the letter calling for AI regulation. Then we had a short one warning that AI could extinct mankind.
Now European C-level people and a few AI business people sent out their letter version.
It is of course not about AI business - as there is not much to tell anyway - but about regulation.
They warn that the AI business interests (which ones?) would be harmed by too strict AI regulations in the EU (AI Act) and called for an immediate stop or change.
My 2cents that I shared in LinkedIn:
"not sure if I put my like here. :-). We live in “interesting” times where AI leaders in the US ask to be regulated and then even warn of the potential to be extinct by a doomed AI. Experts like Andrew Ng and Prof J. Mark Bishop either "don't get it" or say "this is utter rubbish". These days one has to look carefully at what is in those letters and also who signed: As in the US we have AI business interested folks (10%?), and we have (90%?) mostly people in C-level positions who do - with all due respect - not understand anything at all about AI and could have (some in fact even have) signed the two letters in the US as well. Europe has missed in high-tech not only with AI but for 30 years now in nearly everything I have seen (mobile networks, data networking, cloud, e-commerce, search, IT services...). And what we had was killed such as the solar cell industry and now the automotive industry as it seems. Which of the deep-pocketed C-level signees is willing to invest in what Open AI and Microsoft did ($1 billion compute for AI per year)? Whether we have some AI regulation or not will make zero difference if we do not put high-tech investment center-stage in each company and please do not call the EU for funding..."
"All I am saying is that regulation is not the core of the problem but corporates in Europe need to finally invest in high-tech substantially where AI has become a crucial part now.
But most likely it is too late now anyway.
Why are we missing out on these opportunities all the time?
It is a combination of
- not understanding the high-tech business fundamentals.
- setting the wrong priorities.
- being way too slow.
- being busy with "irrelevant" topics such as discussing regulations yes/no? (if you do not have any real big investment in this why do you even care?)
- and of course not having the right decision makers.
Last point: Open AI has just been sued for 3B. Regulation would have avoided that. European companies cannot (aka do not want cos they do not invest in high-tech) even afford - rest alone -build such tech. Now imagine if they did and they would get sued like that?"
Link to this third letter:
https://cdn.prod.website-files.com/6034e2e35a869ae02e67f55f/649eadd757bee709f4fe1f49_Brandbrief%20en-US%20(2).pdf
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