Artificial intelligence systems are on track to become powerful enough to “kill many humans” within just two years, an adviser to UK Prime Minister Rishi Sunak has warned.
Matt Clifford put a tight timeframe on the opportunity remaining for policymakers to bring AI systems into a place of control.
Without urgent action, the threats posed by cyberattacks and the creation of bioweapons in the coming years could be exponential, he said.
Mr Clifford’s chilling comments came hours before the Prime Minister jetted to Washington, where he is expected to raise the case for co-operation on addressing AI concerns.
Mr Clifford, who is helping Mr Sunak establish an AI taskforce, said that like the beginnings of the Covid-19 pandemic, it is easy for people to dismiss warnings about things they are unfamiliar with.
He pointed to a letter signed by 350 AI experts last week forecasting the long-term potential for technology to lead to the extinction of humans. Worries are growing because there has been a “pretty striking” rate of progress over the past few years, he said.
“These systems are getting more and more capable at an ever-increasing rate and if we don’t start to think about now how to regulate and how to think about safety then in two years’ time we will be finding that we have systems that are very powerful indeed,” Mr Clifford told TalkTV.
Mr Clifford said if AI is created to be more intelligent than humans and it is uncontrollable there would be “all sorts of risks” to humans’ safety.
He said the near-term risks alone are “pretty scary”, pointing to technology that can instigate large-scale cyberattacks.
“You can have, really very dangerous threats to humans that could kill many humans, not all humans, simply from where we would expect models to be in two years’ time.”
He said it was crucial for policymakers to try to find out how to control such models “because right now we don’t”.
Regulation is needed on a global scale because introducing rules that apply only nationally will not cut it, he insisted.
Mr Clifford said that AI, if harnessed in the right way, could be a force for good.
Countries such as Russia and China should be told this message in the hope of establishing unity, he said.
“You can imagine AI curing diseases, making the economy more productive, helping us get to a carbon-neutral economy,” he said.
The UK government’s Foundation Model Taskforce is investigating AI language models such as ChatGPT and Goodle Bard, the conversational AI chat service.
The letter signed by 350 AI experts last week said the risks posed by AI should be treated with the same seriousness as pandemics or nuclear war.
Senior bosses at companies such as Google DeepMind and Anthropic signed the letter, along with the so-called “godfather of AI”, Geoffrey Hinton. Mr Hinton stepped down from his role at Google earlier this month, saying that in the wrong hands, AI could be used to harm people and spell the end of humanity.
Mr Sunak last month held a meeting with tech leaders to discuss potentially “existential threats” posed by AI.
During his US visit this week, he is expected to lobby US President Joe Biden for the UK to take on a leading role in AI development and suggest the idea of a global regulatory body, possibly based on the International Atomic Energy Agency.
Asked about Mr Clifford’s warning on Tuesday, the Prime Minister’s official spokesman told reporters: “We are not complacent about the risks of AI. Equally it does present significant opportunities for the people of the UK.”
Asked if the Prime Minister intended to broach the subject of an international regulatory group in his conversations with Mr Biden, the spokesman said: “The Prime Minister has said he wants to talk about AI with the President.”
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Faisal Al Ketbi, Ibrahim Al Hosani, Khalfan Humaid Balhol, Khalifa Saeed Al Suwaidi, Mubarak Basharhil, Obaid Salem Al Nuaimi, Saeed Juma Al Mazrouei, Saoud Abdulla Al Hammadi, Taleb Al Kirbi, Yahia Mansour Al Hammadi, Zayed Al Kaabi, Zayed Saif Al Mansoori, Saaid Haj Hamdou, Hamad Saeed Al Nuaimi. Coaches Roberto Lima and Alex Paz.