UK to Set Up AI Safety Institute, PM Sunak Says ahead of Summit

Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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UK to Set Up AI Safety Institute, PM Sunak Says ahead of Summit

Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Britain will set up the world's first artificial intelligence safety institute, Prime Minister Rishi Sunak said on Thursday, ahead of a global summit next week that he has convened to examine the risks of the technology.
The institute will "examine, evaluate and test new types of AI so that we understand what each new model is capable of, exploring all the risks from social harms like bias and misinformation through to the most extreme risks," he said.
Britain is bringing together AI companies, political leaders and experts at Bletchley Park on Nov. 1-2 to discuss what some see as an existential danger posed by AI, with an aim of building an international consensus on its safe development, Reuters said.
Sunak wants Britain to be a global leader in AI safety, carving out a role after Brexit between the competing economic blocs of the United States, China and the European Union.
Around 100 participants will discuss subjects including the unpredictable advances of AI and the potential for humans to lose control of it, according to the agenda.
Sunak said that while AI will boost economic growth, advance human capability and solve problems once thought beyond us, it also brings new dangers and new fears.
"The responsible thing for me to do is to address those fears head on, giving you the peace of mind that we will keep you safe, while making sure you and your children have all the opportunities for a better future that AI can bring," he said.
The UK government has published a report on "frontier" AI, the cutting-edge general-purpose models that the summit will focus on.
The report will inform discussions about risks such as societal harms, misuse and loss of control, the government said.
US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis are on the guest list next week.
China is expected to attend, deputy Prime Minister Oliver Dowden said on Thursday, while European Commission Vice President Vera Jourova has received an invitation.
Leaders of the Group of Seven (G7) economies, comprising Canada, France, Germany, Italy, Japan, Britain, the United States and the European Union, in May called for adoption of standards to create trustworthy AI and to set up a ministerial forum dubbed the Hiroshima AI process.



Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
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Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger.

Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed in the streaming-television era and criticized its succession planning.

The board has extended Iger's retirement date five times, including pulling him back from an initial retirement in 2022 to replace his hand-picked successor Bob Chapek, Reuters reported.

Last year, Iger, who was the CEO from 2005 to 2020 before his 2022 reappointment, said he would extend his stay through 2026 and "definitely" step down when his contract ends.

Gorman joined as a Disney director this year and oversaw the recent succession process at Morgan Stanley. He was its CEO from 2010 to 2023 and will be ceding his role as executive chairman at Disney in December.

"Succession planning is a top priority of the Board," Disney Chairman Mark Parker said. The company said it was reviewing internal and external candidates for the CEO position.

The company also said Mary Barra, CEO of General Motors and Calvin McDonald, CEO of Lululemon Athletica will continue to serve on the succession planning committee, which has met six times so far in fiscal 2024.

In addition, the board has discussed the search for the next CEO at all of its regularly scheduled meetings this year, Disney said.