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Tech giants IBM (NASDAQ: IBM) and Meta (NASDAQ: META) are collaborating to ensure the safe development of artificial intelligence (AI) amid mounting global regulatory concerns. Dubbed the AI Alliance, the collaboration seeks to foster greater industry cooperation rather than competition, onboarding over 50 technology companies and universities. At the moment, AMD (NASDAQ: AMD), CERN, Hugging Face, Linux Foundation, Dell Technologies (NASDAQ: DELL), and Red Hat have joined the “action-oriented” alliance. The AI Alliance is keen on promoting an open community among AI developers, pooling resources to address safety concerns associated with the technology, according to the joint statement. Despite the focus on an open community, membership in the AI Alliance is not limited to firms building open-source AI platforms. “We believe it’s better when AI is developed openly – more people can access the benefits, build innovative products and work on safety,” said Nick Clegg, President of Global Affairs of Meta. “The AI Alliance brings together researchers, developers and companies to share tools and knowledge that can help us all make progress whether models are shared openly or not.” The alliance’s goals include the development of benchmarks and evaluation standards to enable safe AI innovation and advancing the open foundation model ecosystem in key use cases. Others include the advancement of a vibrant AI hardware accelerator ecosystem, deepening AI’s talent pool while pushing for precision regulation for AI by policymakers. Buoyed by a combined research and development fund in excess of $80 billion, Meta and IBM have expressed optimism in achieving the alliance’s objectives. Aside from the deployment of financial resources by the alliance’s participants, the official disclosure confirms that the AI Alliance will establish working groups for each objective drawn from its membership. To oversee efforts, a governing board and a technical oversight committee will be launched with the…

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Filed under: News - @ December 13, 2023 7:08 pm