Key Points
Chinese startup 01.AI hit a $1-trillion valuation on the back of its open-source model Yi-34B that has outperformed other leading open-source models, including Metas popular Llama 2. Meanwhile, Alibabas Qwen AI models, made for a range of hardware, are built on Metas Llama model, and are open source..
Such frenetic pace and spread of development has left device makers in India divided, with some calling for an urgent global standard setting body, fearing a fragmented world with models facing interoperability issues, while others are happy riding the wave, believing regulation may hurt innovation...
The World Economic Forums AI Governance Alliance have summarised these regulations into risk-based, rules-based, principles based and outcomes-based regulations, calling for international cooperation and jurisdictional interoperability to ensure global cohesion and trust in AI...
While this is not new, regulations may become increasingly onerous and contradictory to one another, resulting in companies operating more at a country-by-country level than globally, writes senior associate Emma Campbell Mohn as part of PwC Strategys Regulatory and Policy Strategy publication series...
Madhav Sheth, chief executive of HTech, the company that is licensed to sell Honor phones from China, also shared the fear of a fragmented world of AI but said regulations will have to first safeguard the consumer...
