âello, itâs Mark in London. The UK is hosting an inaugural summit devoted to safeguards for AI. But first...Three things you need to know to [View in browser](
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âello, itâs Mark in London. The UK is hosting an inaugural summit devoted to safeguards for AI. But first... Three things you need to know today: ⢠The FAA completed a [safety review of SpaceX](
⢠Nokia sued [Amazon on three continents](
⢠Business leaders told a [Senate panel to take action on AI]( Londonâs calling Dozens of corporate bigwigs, academics and politicians are meeting Wednesday at Bletchley Park, an historic site north of London, for the [AI Safety Summit](. Thereâs one particularly notable invitee: China. When the UK government first announced the two-day event, Chinaâs involvement was an open question. Britainâs leaders framed the summit as the first global gathering to discuss the potency and risks of the latest artificial intelligence. China has [issued the earliest regulation]( of the tech and invested heavily in it. Of course, Chinaâs advances in AI are considered a grave national security concern to the US â and a key reason for waging its trade war. Ultimately, the UK extended an invite. The Chinese government is one of 27 nations on the [official attendee list](, which also includes Alibaba Group Holding Ltd. and Tencent Holdings Ltd. âIt would be naïve of us to exclude China,â Michelle Donelan, Britainâs science secretary, said at the [Bloomberg Technology Summit in London]( last week. Jeremy Hunt, another senior UK official, had a [blunter appraisal]( of Chinaâs global role: âTheyâre not going away.â Western countries are certainly concerned about Chinaâs military might. And theyâre worried that Chinaâs top-down, surveillance-heavy approach to AI could spread to more nations, said Pia Hüsch, an analyst at the Royal United Services Institute, a British think tank. But keeping China out of summits like this, she added, ârisks missing a short window of opportunity for common dialogueâ on standards and rules. UK Prime Minister Rishi Sunak has leaned into the âdialogueâ part, arguing that his summit isnât about a ârush to regulateâ AI. By hosting, Sunak is trying to position the UK as a credible leader on the critical tech and, post-Brexit, as a nation distinct from the European Union, which is rushing to regulate. âItâs not crazy to think that London is actually quite a good location,â said Marc Warner, chief executive officer of Faculty, an AI startup working with the UK government. âThereâs genuine expertise here and neutrality from the big three blocs.â But itâs unlikely that the US, EU and China will come to any landmark agreements in London. Italyâs premier is the only Group of Seven leader, apart from Sunak, set to attend. Elon Musk [should be there](, but few other CEOs are set to join him, with most sending deputies. Much of the [governmentâs messaging]( (and press attention) on the summit has focused on the âcatastrophic harmâ and âexistential threatâ AI could bring. Thatâs led some to dismiss the event as enamored with Skynet scenarios, ignoring more [immediate harms](. ([Wired called]( it a âdoom-obsessed mess.â) Still, the UK did assemble a research taskforce, with some impressive résumés, set up to analyze upcoming AI models. Ahead of the summit, the government got [written commitments]( from six of the biggest companies making large-language models on topics like security controls, misuse and data audits. Those six companies, which include OpenAI, Google and Meta, are slated to attend Day Two of the summit, a smaller gathering with US Vice President Kamala Harris and other politicos. Itâs not clear whether Chinese companies and officials are invited that day. How fruitful Chinaâs presence is on the first day depends, in part, if attendees can momentarily drop their geopolitical concerns, said Sihao Huang, a researcher studying AI governance at Oxford University. He noted that some parts of Chinaâs rules â those that demand AI models are explainable, open to evaluation and not used for organized crime â are quite similar to the proposals from the US, UK and Europe. The UK wants the summit to repeat annually, with different countries hosting. Huang and others see a promising template for the event in the Intergovernmental Panel on Climate Change, a United Nations-backed group of scientists that sets aside geopolitics for a greater cause. Of course, the IPCC has had its own [political quarrels](. And its very [real warnings]( of catastrophic harm have, for the most part, fallen on deaf ears. â[Mark Bergen](mailto:mbergen10@bloomberg.net) The big story Emotive deepfake images from the Israel-Hamas war were shared widely online, showing [how generative AI content spreads](. Still, thereâs no evidence the images could influence decisions. Get fully charged The chipmaker AMD gave a weak revenue forecast after [demand for video game consoles slowed](. Tesla stock dropped 20% since third-quarter results in mid-October due to concerns that [electric vehicle demand is weakening](. SolarWinds staff were warned about [holes in the companyâs security]( measures before the Russian hack. More from Bloomberg Live event: Evident is hosting its inaugural Evident AI Symposium in partnership with Bloomberg in New York on Nov. 29. The Symposium brings together senior leaders from the world's top banks to discuss challenges, best practices and the realities of AI-first banking. [Find out more here](. Get Bloomberg Tech weeklies in your inbox: - [Cyber Bulletin]( for coverage of the shadow world of hackers and cyber-espionage
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