ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Meta, IBM launch international 'AI Alliance' with 50 organizations to advance open-source AI

Tech giants Meta and IBM announce the formation of an international "AI alliance" comprised of 50 founding members aimed at advancing "open, safe, responsible AI."

Facebook parent Meta and IBM on Tuesday announced the launch of a new coalition aimed at advancing open-source artificial intelligence technologies, with dozens of founding members from across the globe, including other major tech firms, startups, academic institutions and nonprofits.

The group, called the "AI Alliance," is composed of more than fifty organizations, from established firms like Oracle, Dell Technologies and Intel, to prestigious universities including Harvard, Yale and the Imperial College London.

"The AI Alliance is focused on fostering an open community and enabling developers and researchers to accelerate responsible innovation in AI while ensuring scientific rigor, trust, safety, security, diversity and economic competitiveness," Meta and IBM said in a joint press release.

"By bringing together leading developers, scientists, academic institutions, companies, and other innovators, we will pool resources and knowledge to address safety concerns while providing a platform for sharing and developing solutions that fit the needs of researchers, developers, and adopters around the world."

META ADDING AI DISCLOSURE REQUIREMENT FOR 2024 ELECTION ADS

The alliance plans to launch and support open technologies, which are shared for free, enable developers and scientists to understand those models and tools, and to advocate for open innovation with organizational and societal leaders, policy and regulatory bodies, and the public.

Critics of open source AI say making such powerful systems available to the public means bad actors could use the powerful technology to develop systems that do harm. Advocates say open source allows for greater transparency and advancement.

AMAZON LAUNCHES BUSINESS-FOCUSED AI CHATBOT CALLED Q AT LAS VEGAS CONFERENCE

Closed source AI is an advantage for its developers because the software remains private and proprietary. Microsoft-backed OpenAI's popular ChatGPT tool is closed source. Since the AI chatbot rolled out a year ago, the startup's estimated valuation has grown to around $90 billion, after bringing in revenue of just $28 million in all of 2022, according to The Information.

"We believe it’s better when AI is developed openly — more people can access the benefits, build innovative products and work on safety," Nick Clegg, president of global affairs at Meta said in a statement. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"The AI Alliance brings together researchers, developers and companies to share tools and knowledge that can help us all make progress whether models are shared openly or not," Clegg continued. "We’re looking forward to working with partners to advance the state-of-the-art in AI and help everyone build responsibly."

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.