More than 1,000 researchers and technologists had signed a much longer letter earlier this year calling for a six-month pause on AI development, saying it poses 'profound risks to society and humanity'. Bloomberg
More than 1,000 researchers and technologists had signed a much longer letter earlier this year calling for a six-month pause on AI development, saying it poses 'profound risks to society and humanity'. Bloomberg
More than 1,000 researchers and technologists had signed a much longer letter earlier this year calling for a six-month pause on AI development, saying it poses 'profound risks to society and humanity'. Bloomberg
More than 1,000 researchers and technologists had signed a much longer letter earlier this year calling for a six-month pause on AI development, saying it poses 'profound risks to society and humanity

Artificial intelligence raises risk of extinction, experts say in new warning


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Scientists and tech industry leaders, including high-level executives at Microsoft and Google, issued a new warning on Tuesday about the perils that artificial intelligence poses to humankind.

“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.

Sam Altman, chief executive of ChatGPT maker OpenAI, and Geoffrey Hinton, a computer scientist known as the godfather of artificial intelligence, were among the hundreds of leading figures who signed the statement, which was posted on the Centre for AI Safety's website.

Worries about AI systems outsmarting humans and running wild have intensified with the rise of a new generation of highly capable AI chatbots such as ChatGPT.

It has sent countries around the world scrambling to come up with regulations for the developing technology, with the EU blazing the trail with its AI Act expected to be approved later this year.

The latest warning was intentionally succinct – a single sentence – to encompass a broad coalition of scientists who might not agree on the most likely risks or the best solutions to prevent them, said Dan Hendrycks, executive director of the San Francisco-based non-profit Centre for AI Safety, which organised the move.

“There’s a variety of people from all top universities in various different fields who are concerned by this and think that this is a global priority,” Mr Hendrycks said.

“So we had to get people to sort of come out of the closet, so to speak, on this issue because many were sort of silently speaking among each other.”

More than 1,000 researchers and technologists, including Elon Musk, had signed a much longer letter earlier this year calling for a six-month pause on AI development, saying it poses “profound risks to society and humanity”.

That letter was a response to OpenAI's release of a new AI model, GPT-4, but leaders at OpenAI, its partner Microsoft and rival Google did not sign on and rejected the call for a voluntary industry pause.

By contrast, the latest statement was endorsed by Microsoft's chief technology and science officers, as well as Demis Hassabis, chief executive of Google's AI research lab DeepMind, and two Google executives who lead its AI policy efforts.

Some critics have complained that dire warnings about existential risks voiced by makers of AI have contributed to hyping up the capabilities of their products and distracting from calls for more immediate regulations to rein in their real-world problems.

Mr Hendrycks said there is no reason why society cannot manage the “urgent, ongoing harms” of products that generate new text or images, while also starting to address the “potential catastrophes around the corner”.

He compared it to nuclear scientists in the 1930s warning people to be careful even though “we haven’t quite developed the bomb yet”.

“Nobody is saying that GPT-4 or ChatGPT today is causing these sorts of concerns,” Mr Hendrycks said. “We’re trying to address these risks before they happen rather than try and address catastrophes after the fact.”

The letter also was signed by experts in nuclear science, pandemics and climate change. Among the signatories is the writer Bill McKibben, who sounded the alarm on global warming in his 1989 book The End of Nature and warned about AI and companion technologies two decades ago in another book.

“Given our failure to heed the early warnings about climate change 35 years ago, it feels to me as if it would be smart to actually think this one through before it’s all a done deal,” he said by email on Tuesday.

UAE%20SQUAD
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MATCH INFO

World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

Venue: Al Maktoum Stadium, Dubai

Mobile phone packages comparison
RESULT

Deportivo La Coruna 2 Barcelona 4
Deportivo:
Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

UAE currency: the story behind the money in your pockets
JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

THE SPECS

Engine: AMG-enhanced 3.0L inline-6 turbo with EQ Boost and electric auxiliary compressor

Transmission: nine-speed automatic

Power: 429hp

Torque: 520Nm​​​​​​​

Price: Dh360,200 (starting)

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

RESULTS

5pm Maiden (PA) Dh80,000 (Turf) 1,600m

Winner Thabet Al Reef, Bernardo Pinheiro (jockey), Abdallah Al Hammadi (trainer)

5.30pm Handicap (PA) Dh80,000 (T) 1,600m

Winner Blue Diamond, Pat Cosgrave, Abdallah Al Hammadi

6pm Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m

Winner Hameem, Adrie de Vries, Abdallah Al Hammadi

6.30pm Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m

Winner Shoja’A Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7pm Maiden (PA) Dh80,000 (T) 1,200m

Winner Heros De Lagarde, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm Handicap (TB) Dh100,000 (T) 2,400m

Winner Good Tidings, Antonio Fresu, Musabah Al Muhairi

COMPANY%20PROFILE
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COMPANY%20PROFILE
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Updated: May 31, 2023, 3:30 AM