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US and UK Inks Formal Partnership – Crypto News

Published

1 year ago

April 2, 2024

Dripp

The United States government and Britain are now in a partnership that seeks to pursue Artificial Intelligence (AI) safety, a trend fast becoming a concern in several jurisdictions.

US and UK Leads AI Ecosystem Collaboration

With the U.S. and the UK spearheading advancements in AI safety, this marks a pivotal moment for the Artificial Intelligence landscape, especially after some commitments were made at an AI safety summit that was held in Bletchley Park in November. The strategic partnership not only underscores the growing recognition of AI’s transformative potential but also reflects a shared commitment to ensuring its responsible development and deployment.

Against the backdrop of rapid AI proliferation, the collaboration heralds a new era in which global cooperation is paramount in addressing the multifaceted challenges and opportunities presented by AI technology. The news was announced after US Commerce Secretary, Gina Raimondo, and British Technology Secretary, Michelle Donelan, signed a memorandum of understanding (MoU) in Washington.

“We all know AI is the defining technology of our generation,” Raimondo highlighted. “This partnership will accelerate both of our institutes’ work across the full spectrum to address the risks of our national security concerns and the concerns of our broader society.”

Artificial Intelligence Regulation Now a Necessity

On their own, both countries have been pushing to roll out a robust AI regulatory framework that would help allay the fears that users have with the debut of several generative AI tools.

Senator Elizabeth Warren in the U.S. has been advocating for fair regulations in the Artificial Intelligence ecosystem as she does the same for the cryptocurrency sector. In the same vein, the UK government also talked about plans to spend considerable amounts on AI safety initiatives as well as on the creation of new research centers in various parts across the region.

As part of the formal partnership, the U.S. and UK have agreed to jointly carry out at least one testing exercise on a publicly accessible model. The duo is also looking to explore personnel exchanges between the institutes

Furthermore, the US-UK collaboration sets a precedent for international cooperation in addressing global challenges posed by Artificial Intelligence, transcending geographical boundaries and geopolitical differences. It is undoubtedly the first of its kind and both nations are already considering inking such AI safety partnerships with other countries as a single entity.