Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK Business Leaders declare AI as a Force for Good

by July 19, 2023
July 19, 2023
UK Business Leaders declare AI as a Force for Good

More than 1,300 experts have signed an open letter to collectively emphasise the positive potential of artificial intelligence (AI) and relieve concerns about its impact on humanity.

Coordinated by BCS, the Chartered Institute for IT, the open letter aims to challenge the pessimism surrounding AI and promote a more optimistic perspective.

According to Rashik Parmar, CEO of BCS, the overwhelming support for the letter demonstrates the UK tech community’s resolute belief that AI should be viewed as a “beneficial force” rather than “nightmare scenario of evil robot overlords”.

This comes standing in opposition to the recent letter signed by influential figures, such as Elon Musk, which called for a pause in developing powerful AI systems, citing the perceived “existential risk” posed by super-intelligent AI.

The BCS signatories include experts from various businesses, academia, public institutions, and think tanks, their collective expertise and insights highlighting the myriad positive applications of AI.

Sheila Flavell CBE, COO of FDM Group, said: “AI can play a key role in supercharging digital transformation strategies, helping organisations leverage their data to better understand their business and customers. As the UK continues to show its commitment to developing AI for good, it will help increase Britain’s position as a tech superpower and positively bolster the economy as its usage becomes widespread. In order to harness the full power of AI, the UK needs to develop a cohort of AI-skilled workers to oversee its development and deployment, so it is important for organisations to encourage new talent, such as graduates and returners, to engage in education courses in AI to lead this charge.”

Hema Purohit, a specialist in digital health and social care for BCS, emphasised AI’s ability to enable early detection of serious illnesses, like cardiac disease or diabetes, during eye tests.

John Kirk, Deputy CEO, ITG said: “While the threats and benefits of AI remain unprecedented, it is encouraging to see how business leaders are committed to ensuring its safe development in order to maximise its benefits for good. AI in the creative industries is there to boost productivity and work alongside marketers by supporting to scale their campaigns, and automation anxieties must be stemmed. With better confidence, robust regulation and international collaboration on forming rules on its usage, businesses can work hand-in-hand with AI to achieve the best outcomes.”

To further support Britain’s position as a global exemplar for high-quality, ethical, and inclusive AI practices, UK Prime Minister Rishi Sunak will host a global summit on AI regulation this autumn.

Challenges are emerging, including the potential automation of up to 300 million jobs, prompting companies to pause hiring in specific roles, but these must be approached pragmatically.

Regulations will be a vital safeguard against the misuse of AI, instead of hasty and unregulated proliferation. As the world grapples with the powers of AI, these expert voices will provide valuable insights and perspectives to guide its responsible development and implementation.

Read more:
UK Business Leaders declare AI as a Force for Good

0
FacebookTwitterGoogle +Pinterest
previous post
A third of workers seek jobs that offer mental health support
next post
Tata confirm decision to build £4bn gigafactory in Somerset

You may also like

Sunak to challenge Biden over US green subsidy...

March 13, 2023

Wilko to close ‘majority of stores’ with loss...

August 24, 2023

Manufacturers forecast a fall into deep recession

December 12, 2022

King Charles Presented with New Banknotes Featuring His...

April 10, 2024

Amazon looks to launch prime air drone deliveries...

January 28, 2025

Wetherspoons closes more pubs with dozens across Britain...

August 1, 2023

How Sativa Strains Can Help Combat Fatigue and...

October 11, 2024

When Is the Best Time to Move

September 9, 2022

Restrict bottled water ads and tax shrink-wrap to...

June 12, 2023

Trade figures reveal UK’s challenge to boost economic...

November 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved