Wednesday, December 25, 2024
HomeAsiaExperts recommend carefully considering regulations to manage the swift growth of Generative...

Experts recommend carefully considering regulations to manage the swift growth of Generative AI

In Southeast Asia, the rapid rise of Generative AI has sparked discussions among 20 top experts in the dynamic tech landscape. While many are excited about its transformative potential, concerns about misuse, ethics, and privacy are also prominent.

Peng T Ong from Monk’s Hill Ventures warns against hasty integration into critical applications, emphasizing the importance of understanding what Generative AI truly “thinks.” Others like Steve Brotman from Alpha Partners emphasize the need for ethical regulation to prevent misuse.

This article features insights from Southeast Asia’s AI leaders on shaping the responsible future of Generative AI amid evolving technologies.

Peng T Ong, Managing Partner, Monk’s Hill Ventures

Generative AI has made significant strides in creating diverse content at an affordable cost, but caution is needed in integrating it into critical applications. We must understand what the AI “thinks” before letting it handle important tasks.

Straitjackets through algorithms or expert systems could be necessary to ensure safe AI deployment in mission-critical scenarios.

Steve Brotman, Founder and Managing Partner, Alpha Partners

Thoughtful regulation is essential to address the risks and ethical considerations of Generative AI. While it offers innovative opportunities, there are concerns about misinformation, privacy violations, and potential misuse.

Regulation should focus on responsible development and deployment of AI to protect individuals’ rights and prevent harm from misuse.

Rudi Hidayat, Founder and CEO, V2 Indonesia and CIX Summit 2024

Regulations can establish guidelines for the ethical use of Generative AI, ensuring positive contributions to society while mitigating risks. Balancing regulation to promote responsible AI development is crucial.

Platforms bringing together professionals and AI practitioners can facilitate education and discussions on Generative AI regulations.

Bharat Buxani, Senior VP – Marketing, 99 Group Indonesia (Rumah123.com and 99.co)

While Generative AI plays a vital role in the digital realm, regulations are necessary to ensure responsible use. The focus should be on leveraging AI to enhance consumer experiences while addressing evolving needs ethically.

Minhyun Kim, CEO of AI Network

Regulation is crucial to address ethical concerns, privacy issues, and misinformation risks associated with Generative AI. Rules are needed to prevent exploitation, copyright infringement, and unintended consequences.

Alternative governance mechanisms like DAOs could offer agility in regulating AI advancements.

Hayk Hakobyan, CEO and Co-Founder of Bizbaz

Regulating Generative AI is essential to prevent potential misuse in creating harmful content, biased material, privacy violations, and cyber-attacks. Testing for bias and discrimination is crucial for responsible AI deployment.

Establishing certifications for Generative AI models and promoting ethical content creation are key for regulation.

Dusan Stojanovic, Founder of True Global Ventures

The AI industry requires regulation to ensure responsible innovation and prevent negative impacts. AI’s potential influence on the future necessitates critical regulation.

Khos-Erdene Baatarkhuu, Group CEO of AND Global

Generative AI’s promise and complexity underscore the need for regulation to govern its transformative potential responsibly. Collaborations and investments in AI literacy are essential for addressing technical and ethical challenges.

Tal Barmeir, Co-Founder and CEO, Blinq.IO

Regulating Generative AI with a focus on transparency is crucial for establishing ethical standards, ensuring accountability, and fostering public trust. Regulations are vital for various industries like finance, law, and media where AI plays a critical role.

Kenneth Tan, Co-Founder and CEO of BeLive Technology

Innovation benefits from regulatory safeguards that build trust and accelerate AI adoption. Tailored regulations addressing specific AI technologies and their impacts are essential for responsible development and deployment.

Alvin Toh, CMO of Straits Interactive

Global regulation efforts are already underway, emphasizing the importance of AI-related risks and compliance obligations. It is vital for firms to establish AI governance structures anticipating evolving regulations worldwide.

Marianne Winslett, Venture Partner at R3i Capital

Regulation is crucial to ensuring best practices in AI software development, data collection, and ethical use. While specific regulations for Generative AI are premature, ethical standards and testing are vital.

Regulatory measures should align with AI’s continuous evolution and promote responsible AI development.

Max Del Vita, CPO, MoneySmart Group

An ethical framework coupled with technologies like blockchain can support responsible Generative AI use without stifling innovation. Initial guiding principles can pave the way for future regulations to ensure responsible development and mitigate risks.

Simon Quirk, Co-Founder Gracenote.ai

Implementing rules for AI usage aligns it with societal norms and ensures positive impacts. Regulations are essential to guide AI usage responsibly and prevent adverse consequences.

Gullnaz Baig, Executive Director, Angsana Council

Collaboration between technical experts and societal stakeholders is vital for building safe and equitable AI. Developers and regulators must work together to ensure AI benefits society while addressing risks.

The post Experts advocate thoughtful regulation for the rapid rise of Generative AI appeared first on e27.

This article was first published on December 21, 2023

RELATED ARTICLES

Most Popular