UK Prepares to Host Global Leaders' Gathering on AI

AI has prompted concerns ranging from possible job losses and cyber attacks to humankind losing control of the systems. MARCO BERTORELLO / AFP
AI has prompted concerns ranging from possible job losses and cyber attacks to humankind losing control of the systems. MARCO BERTORELLO / AFP
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UK Prepares to Host Global Leaders' Gathering on AI

AI has prompted concerns ranging from possible job losses and cyber attacks to humankind losing control of the systems. MARCO BERTORELLO / AFP
AI has prompted concerns ranging from possible job losses and cyber attacks to humankind losing control of the systems. MARCO BERTORELLO / AFP

The UK government will welcome foreign political leaders, tech industry figures, academics and others this week for a two-day summit billed as the first of its kind on artificial intelligence (AI).

The gathering, set to be attended by Prime Minister Rishi Sunak, US Vice President Kamala Harris, EU chief Ursula von der Leyen and UN Secretary-General Antonio Guterres, will focus on growing fears about the implications of so-called frontier AI, AFP said.

The most advanced generation of AI models, they have prompted concerns around everything from job losses and cyber attacks to humankind losing control of the systems they have designed.

Sunak and other leaders have increasingly joined the industry itself in arguing current knowledge and regulation of frontier AI is likely insufficient for the challenges it will pose.

"My vision, and our ultimate goal, should be to work towards a more international approach to safety where we collaborate with partners to ensure AI systems are safe before they are released," the British leader said in a speech earlier this week.

"We will push hard to agree the first ever international statement about the nature of these risks," he added, proposing the creation of an international expert panel similar to one formed for climate change.

London, which initiated the gathering, has insisted it is taking the lead on AI at the behest of US President Joe Biden, and because the two countries have some of the leading companies in the sector.

But it has reportedly been forced to scale back its ambitions around certain ideas, such as launching a new regulatory body, amid a perceived lack of enthusiasm.

Bletchley Park
Italian Prime Minister Giorgia Meloni is one of the only world leaders flying in for the conference, which starts on Wednesday.

Sunak's spokesman told reporters this week that "getting all the right people around the table to discuss this important issue" represented "an enormous achievement in itself".

The summit will be held at a deliberately symbolic location: Bletchley Park, where top British codebreakers cracked Nazi Germany's "Enigma" code, helping to hasten the end of World War II.

It is also the home of the National Museum of Computing, home to the world's largest collection of working historic computers.

From smartphones to airports, AI is already ubiquitous in everyday life, but its progress has accelerated in recent years with the development of frontier technologies such as the ChatGPT conversational robot.

"It's clear to me that what's going to happen in this year, in these next two, three years, in 200 years, (is that) historians will have a name for this period," Aldo Faisal, an AI and neuroscience professor, said at a briefing this month.

While the potential of AI raises many hopes, particularly for medicine, its development is seen as largely unchecked.

In his speech, Sunak warned AI did have the potential to destroy thousands of jobs in various sectors, including the arts and media, alongside cyber, disinformation and fraud threats.

He stressed the need for countries to develop "a shared understanding of the risks that we face", which is currently lacking.

Dialogue
Harris, von der Leyen, Guterres and Meloni have all confirmed their attendance, but the lack of world leaders, particularly from G7 countries, has dominated discussion of the summit in Britain.

Sunak's spokesman insisted "the right group of countries, the right businesses" would be present.

China will be present, but it is unclear at what level.

Beijing's invitation has raised eyebrows amid heightened tensions with Western nations and accusations of technological espionage.

Sunak has said "there can be no serious strategy for AI without at least trying to engage all of the world's leading AI powers".

Although the UK sees itself as the driving force behind international cooperation on AI, its emphasis on potential disasters has dismayed some players in the sector.

They would prefer to stress existing AI issues, such as a lack of transparency in the models designed by companies and their racial or gender bias, rather than the more alarmist fears noted by Sunak.

Detractors have also noted that the common ethical principles that the UK wants to establish are also likely to come up against the interests of AI labs and tech giants, which are predominantly Chinese and American.

That could limit the likelihood of anything meaningful emerging from this week's summit.

Hamed Haddadi, professor of human-centered systems at Imperial College London's department of computing, said the time was right for global "dialogue" on AI.

"Do we need regulation in this space? Or do we let the market and the business take care of it and see whatever happens next?" he said.



Alswaha: Saudi Arabia Leads International Indicators, Efforts to Bridge AI Gaps

Saudi Minister of Communications and Information Technology Abdullah Alswaha speaks at the event in New York. (SPA)
Saudi Minister of Communications and Information Technology Abdullah Alswaha speaks at the event in New York. (SPA)
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Alswaha: Saudi Arabia Leads International Indicators, Efforts to Bridge AI Gaps

Saudi Minister of Communications and Information Technology Abdullah Alswaha speaks at the event in New York. (SPA)
Saudi Minister of Communications and Information Technology Abdullah Alswaha speaks at the event in New York. (SPA)

Saudi Minister of Communications and Information Technology Abdullah Alswaha stressed on Tuesday that the Kingdom’s achievements represent the greatest digital success story of the 21st century.

This was possible by the support of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and the direct enablement by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, reflecting their ambitious vision for building a comprehensive technological future.

The minister made his remarks from New York during his participation in the high-level meeting of the United Nations General Assembly (UNGA) on the overall review of the implementation of the outcomes of the World Summit on the Information Society (WSIS).

Alswaha said that progress in the information society is reflected worldwide, with the number of internet users rising from around 800 million to nearly 6 billion.

The Kingdom ranked first globally on the ICT Development Index (IDI) issued by the UN International Telecommunication Union (ITU) and made remarkable progress in empowering women in the digital world, with female participation reaching approximately 36%, he revealed.

He highlighted that the foremost challenge today lies in bridging the gaps in artificial intelligence (AI), namely the computing gap, the data gap, and the algorithm gap.

Alswaha stated that the Kingdom leveraged its capabilities to boost advanced computing power and launch national language models that help close the data gap in the Arab world, including the AI model “ALLaM.”

Moreover, he noted global scientific achievements, such as Saudi scientist Omar Yaghi winning the 2025 Nobel Prize in Chemistry, reflecting Saudi Arabia’s scientific presence on the international stage.

He stressed that the achievements reflect the profound impact of the support from King Salman and Crown Prince Mohammed in consolidating the Kingdom’s global standing, enhancing its pivotal role in leading a more inclusive technological future, harnessing technologies for human benefit, supporting sustainable development, and aligning with the world’s aspirations for a more advanced and integrated era.


App Developers Urge EU Action on Apple Fee Practices 

An Apple logo adorns the façade of the downtown Brooklyn Apple store on March 14, 2020, in New York. (AP)
An Apple logo adorns the façade of the downtown Brooklyn Apple store on March 14, 2020, in New York. (AP)
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App Developers Urge EU Action on Apple Fee Practices 

An Apple logo adorns the façade of the downtown Brooklyn Apple store on March 14, 2020, in New York. (AP)
An Apple logo adorns the façade of the downtown Brooklyn Apple store on March 14, 2020, in New York. (AP)

A coalition of 20 app developers and consumer groups on Tuesday called upon European regulators to enforce EU laws against Apple, saying the company's fee structure unfairly disadvantages European developers compared to their US rivals after a recent court decision in the United States.

The European Union's Digital Markets Act (DMA), implemented in 2023, mandates that large tech platforms labelled "gatekeepers", such as Apple, facilitate in-app transactions outside their ecosystem at no charge.

The coalition's appeal reflects concerns over a disparity following a US court ruling that restricts Apple's ability to impose fees on external transactions.

The European Commission earlier this year fined Apple 500 million euros ($588 million) for breaching the DMA by obstructing developers from guiding users to alternative payment methods.

In response to the EU ruling, Apple revised its terms to impose fees ranging from 13% for smaller businesses to up to 20% for App Store purchases, alongside penalties of 5% to 15% on external transactions.

The Coalition for Apps Fairness (CAF), representing firms such as Deezer and Proton, argues these revised fees still violate DMA stipulations and says that US developers benefit from more favorable terms after the court decision.

"This situation is untenable and damaging to the app economy," CAF said in a statement, accusing Apple of undermining transparency and stifling innovation.

Global Policy Counsel for CAF, Gene Burrus, said that developers in the EU have to either bear the cost of those fees or pass them down to customers.

"It is bad for European companies, and it is bad for European consumers," he said.

According to CAF, European developers remain disadvantaged six months after the Commission declared Apple's policies illegal under the DMA.

Although Apple has announced further policy changes to take effect in January, it has yet to specify what these revisions will entail, fueling dissatisfaction among developers over the lack of clarity.

"We want the EU Commission to tell Apple that the law is the law and that free of charge means free of charge," Burrus said, adding that the European authorities should consider referring the issue to the European Court of Justice if necessary.


Will OpenAI Be the Next Tech Giant or Next Netscape?

While OpenAI does not expect to be profitable before 2029, the startup's valuation keeps climbing in funding rounds baffling some financial analysts. Kirill KUDRYAVTSEV / AFP
While OpenAI does not expect to be profitable before 2029, the startup's valuation keeps climbing in funding rounds baffling some financial analysts. Kirill KUDRYAVTSEV / AFP
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Will OpenAI Be the Next Tech Giant or Next Netscape?

While OpenAI does not expect to be profitable before 2029, the startup's valuation keeps climbing in funding rounds baffling some financial analysts. Kirill KUDRYAVTSEV / AFP
While OpenAI does not expect to be profitable before 2029, the startup's valuation keeps climbing in funding rounds baffling some financial analysts. Kirill KUDRYAVTSEV / AFP

Three years after ChatGPT made OpenAI the leader in artificial intelligence and a household name, rivals have closed the gap and some investors are wondering if the sensation has the wherewithal to stay dominant.

Investor Michael Burry, made famous in the film "The Big Short," recently likened OpenAI to Netscape, which ruled the web browser market in the mid-1990s only to lose to Microsoft's Internet Explorer.

"OpenAI is the next Netscape, doomed and hemorrhaging cash," Burry said recently in a post on X, formerly Twitter.

Researcher Gary Marcus, known for being skeptical of AI hype, sees OpenAI as having lost the lead it captured with the launch of ChatGPT in November 2022.

The startup is "burning billions of dollars a month," Marcus said of OpenAI.

"Given how long the writing has been on the wall, I can only shake my head" as it falls.

Yet ChatGPT was a tech launch like no other, breaking all consumer product growth records and now boasting more than 800 million -- paid subscription and unpaid -- weekly users.

OpenAI's valuation has soared to $500 billion in funding rounds, higher than any other private company.

But the ChatGPT maker will end this year with a loss of several billion dollars and does not expect to be profitable before 2029, an eternity in the fast-moving and uncertain world of AI.

Nonetheless, the startup has committed to paying more than $1.4 trillion to computer chip makers and data center builders to build infrastructure it needs for AI.

The fierce cash burn is raising questions, especially since Google claims some 650 million people use its Gemini AI monthly and the tech giant has massive online ad revenue to back its spending on technology.

Rivals Amazon, Meta and OpenAI-investor Microsoft have deep pockets the ChatGPT-maker cannot match.

Turbulence ahead?

A charismatic salesman, OpenAI chief executive Sam Altman flashed rare annoyance when asked about the startup's multi-trillion-dollar contracts in early November.

A few days later, he warned internally that the startup is likely to face a "turbulent environment" and an "unfavorable economic climate," particularly given competitive pressure from Google.

And when Google released its latest model to positive reactions, Altman issued a "red alert," urging OpenAI teams to give ChatGPT their best efforts.

OpenAI unveiled its latest ChatGPT model last week, that same day announcing Disney would invest in the startup and license characters for use in the bot and Sora video-generating tool.

OpenAI's challenge is inspiring the confidence that the large sums of money it is investing will pay off, according to Foundation Capital partner Ashu Garg.

For now OpenAI is raising money at lofty valuations while returns on those investments are questionable, Garg added.

Yet OpenAI still has the faith of the world's deepest-pocketed investors.

"I'm always expecting OpenAI's valuation to come down because competition is coming and its capital structure is so obviously inappropriate," said Pluris Valuation Advisors president Espen Robak.

"But it only seems to be going up."

Opinions are mixed on whether the situation will result in OpenAI postponing becoming a publicly traded company or instead make its way faster to Wall Street to cash in on the AI euphoria.

Few AI industry analysts expect OpenAI to implode completely, since there is room in the market for several models to thrive.

"At the end of the day, it's not winner take all," said CFRA analyst Angelo Zino.

"All of these companies will take a piece of the pie, and the pie continues to get bigger," he said of AI industry frontrunners.

Also factored in is that while OpenAI has made dizzying financial commitments, terms of deals tend to be flexible and Microsoft is a major backer of the startup.