A group of leading technology companies, including OpenAI, Amazon and Microsoft, have agreed to a set of commitments to ensure the safe development of their AI models. The agreement includes a “kill switch” to cut development if safety is not guaranteed. 

The agreement includes companies from the UK, US, China, Canada, France, South Korea and the United Arab Emirates.

Agreed at the Seoul AI Safety Summit, leading AI developers will publish safety frameworks on how they will measure the risks of their most advanced models.

Within these frameworks, the technology companies will create “red lines” which they will consider “intolerable”. 

If these circumstances occur, such as if the AI model is at risk of being used in a cyberattack, the companies have confirmed they will apply a “kill switch” which will cut the development of the model. 

“It’s a world first to have so many leading AI companies from so many different parts of the globe all agreeing to the same commitments on AI safety,” UK Prime Minister Rishi Sunak said in a statement Tuesday (21 May).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“These commitments ensure the world’s leading AI companies will provide transparency and accountability on their plans to develop safe AI,” he added.

GlobalData forecasts that the overall AI market will be worth $909bn by 2030, having grown at a compound annual rate of 35% between 2022 and 2030.

In the GenAI space, revenues are expected to grow from $1.8bn in 2022, to $33bn in 2027.