IBM CEO Says All AI Regulations, Even President Biden's Latest Executive Order, Are Going To Be 'Imperfect'
Portfolio Pulse from Ananya Gairola
IBM CEO Arvind Krishna discussed the challenges of AI regulation, including President Biden's executive order. While acknowledging the imperfection of any regulatory framework, Krishna supports the mandate for AI firms to disclose safety testing to the U.S. government. He emphasized the need for corporate accountability for AI models, suggesting legal liability, but expressed concern over the disclosure of proprietary information. Krishna also advocated for a risk-based regulatory approach to foster open innovation. Amidst regulatory discussions, IBM has rebranded its Watson AI line to better compete in the business AI market.
December 08, 2023 | 1:36 am
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IBM CEO Arvind Krishna's comments on AI regulation and the rebranding of Watson AI line reflect the company's proactive stance on regulatory compliance and innovation in the AI market.
The CEO's comments on AI regulation suggest IBM is prepared for compliance, which may reassure investors. However, concerns about proprietary information and the competitive market may temper short-term impact. The rebranding of Watson indicates a strategic move to enhance IBM's AI offerings, which could be positive for the company's long-term growth but may not have an immediate impact on the stock price.
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