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The head of Germany’s competition regulator says Artificial Intelligence might increase the power of Big Tech. Andreas Mundt, who heads up the German agency, has warned the increasing technology could up the dominance of huge companies like Microsoft and Alphabet - the parent company of Google - as they gear up to hone their own capabilities in the sector, following the huge success of OpenAI’s AI-powered chatbot ChatGPT. He said: "For us as a competition authority, it is crucial that this new technology does not further strengthen the dominance of the large corporations. "The danger is very g...
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A children’s charity has called for action on Artificial Intelligence-created sexual abuse imagery. The Internet Watch Foundation - which removes abusive content from the internet and reports a rise in the problem - has urged Prime Minister Rishi Sunak to do something about the scourge of child pornography when the United Kingdom hosts the upcoming inaugural AI safety summit. Susie Hargreaves, their CEO, told BBC News: "We are not currently seeing these images in huge numbers, but it is clear to us the potential exists for criminals to produce unprecedented quantities of lifelike child sexual ...
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Tighter regulations are needed on cryptocurrency, says a senior Bank of England official. Sir John Cunliffe from the UK’s central bank believes more protections are needed to be put in place to protect the financial system following the crash of FTX last week - who filed for bankruptcy and now owes more than $3.1 billion - before anything else happens. The deputy governor for financial stability believes the explosive nature of them posed a threat as Bitcoin - the world’s largest cryptocurrency - lost more than 70 per cent of its value in the last year. John wants action before it becomes "lar...
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