Regulation of AI is Crucial for its Safe Development: Edelman

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54 per cent of the general public and 43 per cent of tech executives think that the AI technology will hurt the poor

A recent survey of Edelman,public relations and marketing consultancy firm has revealed that 54 per cent of tech executives and 60 per cent of the general population believe that Regulation of artificial intelligence (AI) technology is crucial for its safe development.

As per the survey,84 per cent of the general public and 91 per cent of tech executives believe that AI constitutes the next technology revolution. However, there are some concerns for business, government as well as society which include smart toys that could invade privacy of children, loss of human intellectual capabilities, negative impacts on poor etc.

AI to benefit rich

Majority of respondents,in which 67 per cent general public and 75 per cent tech executives believe AI will benefit the wealthy. On the other hand,54 per cent of the general public and 43 per cent of tech executives think that the AI technology will hurt the poor.

In addition, 65 per cent of tech executives and 71 per cent of the general public have concerns that AI will result in a loss of human intellectual capabilities.

Around 74 per cent of the general public and 72 per cent of tech executives believe that smarter devices powered by AI will reduce the need for people to interact with each other, thus resulting in more isolation.

The advances in AI will possibly cause a reactionary response from a society that feels threatened, says 77 per cent of tech executives and 81 per cent of the general public.

Uncertainty 

There is a major concern regarding deepfake videos as about 51 per cent of the general public and around 45 per cent of tech executives agree that AI-powered deepfake videos could mean that no information is credible and that these are highly corrosive to the public trust.

Sanjay Nair, global technology sector lead has said that Edelman survey explores the issues surrounding AI, from improved healthcare and manufacturing to the countervailing concerns overhanging widespread adoption.There is also a substantial uncertainty and worry that AI use could lead to widespread job loss income inequality and social isolation.

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