The expanding artificial intelligence (AI) market, including chatbots such as ChatGPT, can help boost productivity and economic growth across the UK if developed responsibly, the competition watchdog has said. In a new report, the Competition and Markets Authority (CMA) has set out a list of guiding principles for the AI market to ensure consumers are protected. They include ensuring the AI developers are accountable for their output, while access to services, diversity within the market, choice and flexibility are also key focuses alongside a push for fair dealing and transparency. The CMA’s report comes amid growing concerns over the rapid development of generative AI – accessible technology that can create text, images and video barely distinguishable from humans’ output. Regulators worldwide are stepping up their scrutiny of AI, given its explosion into general use worldwide and fears over its impact on jobs, industry, copyright, the education sector and privacy – among many other areas. The speed at which AI is becoming part of everyday life for people and businesses is dramatic. There is real potential for this technology to turbo charge productivity and make millions of everyday tasks easier – but we can’t take a positive future for granted Sarah Cardell, CMA chief executive In its report, the CMA said competitive, responsible AI markets could see the creation of new and better products and services, as well as easier access to information, scientific and health breakthroughs and lower prices. But the watchdog warned that if competition is weak or developers fail to adhere to consumer protection law, people and businesses could be harmed through exposure to significant levels of misinformation and AI-enabled fraud. It also said that without proper principles, a handful of companies could use AI to gain or entrench positions of market power. Sarah Cardell, CMA chief executive, said: “The speed at which AI is becoming part of everyday life for people and businesses is dramatic. There is real potential for this technology to turbo charge productivity and make millions of everyday tasks easier – but we can’t take a positive future for granted. “There remains a real risk that the use of AI develops in a way that undermines consumer trust or is dominated by a few players who exert market power that prevents the full benefits being felt across the economy. While I hope that our collaborative approach will help realise the maximum potential of this new technology, we are ready to intervene where necessary Sarah Cardell, CMA chief executive “The CMA’s role is to help shape these markets in ways that foster strong competition and effective consumer protection, delivering the best outcomes for people and businesses across the UK. “In rapidly developing markets like these, it’s critical we put ourselves at the forefront of that thinking, rather than waiting for problems to emerge and only then stepping in with corrective measures. “That’s why we have today proposed these new principles and launched a broad programme of engagement to help ensure the development and use of foundation models evolves in a way that promotes competition and protects consumers. “While I hope that our collaborative approach will help realise the maximum potential of this new technology, we are ready to intervene where necessary.” As part of its engagement programme, the CMA said it will begin discussions with AI stakeholders in the UK and globally around developing its principles further and working with those groups on developing AI markets further. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live ‘Shocking’ rise in number of children falling victim to sextortion, charity says BBC, ITV, Channel 4 and Channel 5 announce smart TV platform Father of Molly Russell calls on Ofcom to ‘boldly’ enforce new online safety law

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ROME--(BUSINESS WIRE)--Jun 15, 2023--

Bill Gates has shared the different pieces of life advice he wish he received in his youth. The Microsoft founder delivered his third commencement speech (he had previously spoken at Harvard 2007 and Stanford 2014) to the forestry and engineering graduates of Northern Arizona University and posted his speech on his website. When it comes to the 67-year-old's time on campus, he never made it to his own graduation and left after three semesters to start Microsoft, something that he does mention. Sign up to our free Indy100 weekly newsletter "So, what does a college dropout know about graduation? Not much personally, to be honest," he said. Here are the five things Gates wishes he heard at the graduation he never had: Your life isn’t a one-act play. "You probably feel a lot of pressure right now to make the right decisions about your career," Gates said. "It might feel like those decisions are permanent. They’re not. What you do tomorrow—or for the next ten years—does not have to be what you do forever." He goes on to add that he thought after leaving school he would be working for Microsoft for the rest of his life but that now philanthropy is his full time job. You are never too smart to be confused. "I thought I knew everything I needed to know when I left college," he began. "But the first step to learning something new is embracing what you don’t know, instead of focusing on what you do know." When facing a problem that cannot be resolved alone, he said: "Don’t panic. Take a breath. Force yourself to think things through. And then find smart people to learn from" - and also advised not too be too afraid to ask. Gravitate toward work that solves an important problem. "The good news is, you are graduating at a time when there are many important problems to solve." "New industries and companies are emerging every day that will allow you to make a living and make a difference, and advances in science and technology have made it easier than ever to make a big impact." Don’t underestimate the power of friendship. "When I was in school, I became friends with another student who shared a lot of my interests, like science fiction novels and computer magazines," Gates said. "Little did I know how important that friendship would be. My friend’s name was Paul Allen—and we started Microsoft together." You are not a slacker if you cut yourself some slack. Gates noted how life is all about work - something that he learnt as he grew up. "When I was your age, I didn’t believe in vacations. I didn’t believe in weekends," he said. I pushed everyone around me to work very long hours. In the early days of Microsoft, my office overlooked the parking lot—and I would keep track of who was leaving early and staying late. "But as I got older—and especially once I became a father—I realized there is more to life than work." Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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UK broadband providers have reported record levels of broadband network traffic sparked by the release of the latest Call of Duty video game. BT and EE, as well as Virgin Media O2, confirmed they saw major spikes on their networks after the game became available to download on Wednesday, ahead of its release on Friday. Virgin Media O2 said that Wednesday saw a new record for traffic on its broadband network, 22% higher than the previous record, which was set only a week ago with the return of the original map to popular battle royale game Fortnite. The internet provider said the large size of the new Call of Duty’s game file played a part of driving the traffic spike. Paul Kells, the provider’s network strategy and engineering director, said: “It has been an exciting couple of weeks for gamers, with the return of Fortnite’s original map and the much-anticipated arrival of Call of Duty: Modern Warfare III. “Both of these events have seen gamers getting online in their droves, with our customers setting two network records in less than a week. We are proud to make these moments possible with our gigabit network, backed up by our market leading wifi guarantee.” EE and BT also reported a similar spike, saying the video game launch led to the second highest overall peak in EE and BT home broadband history – behind only a night in February this year when multiple high-profile football matches were being streamed online and an update to Call of Duty’s popular battle royale spin-off Warzone was also being rolled out. The firm said the spike was the biggest single game contribution to a broadband peak it had ever seen. Sam Kemp, EE’s director of gaming, said: “As part of our mission to be the UK’s number one destination for gaming, we offer a full fibre network experience that features in-home wifi management services including Game Mode, that are built for gamers and which come into their own during AAA gaming calendar moments. “They don’t come much bigger than the latest Call of Duty drop, and as the official partner of Call of Duty: Modern Warfare III, we’ve seen unprecedented traffic across our network, however EE customers can be rest assured that they will be supported by the fastest speeds and most reliable network to get the best possible COD experience.” Read More Crypto investment fraud warning issued by major bank Council investigating extent of cyber attack that affected website and systems Setback for Ireland as EU legal adviser recommends revisit of Apple tax case