Print

AI summit secures safety commitments from 16 companies

Sixteen companies involved in AI including Alphabet’s Google, Meta, Microsoft and OpenAI, as well as companies from China, South Korea and the United Arab Emirates have committed to safe development of the technology.

The announcement unveiled in a UK government statement on Tuesday came as South Korea and Britain host a global AI summit in Seoul at a time when the breakneck pace of AI innovation leaves governments scrambling to keep up.

The agreement is a step up from the number of commitments at the first global AI summit held six months ago, the statement said.

Zhipu.ai, backed by Chinese tech giants Alibaba, Tencent, Meituan and Xiaomi, as well as UAE’s Technology Innovation Institute were among the 16 companies pledging to publish safety frameworks on how they will measure risks of frontier AI models.

The firms, also including Amazon, IBM and Samsung Electronics, voluntarily committed to not develop or deploy AI models if the risks cannot be sufficiently mitigated, and to ensure governance and transparency on approaches to AI safety, the statement said.

“It’s vital to get international agreement on the ‘red lines’ where AI development would become unacceptably dangerous to public safety,” said Beth Barnes, founder at METR, a non-profit for AI model safety.

The artificial intelligence (AI) summit in Seoul this week aims to build on a broad agreement at the first summit held in the United Kingdom to better address a wider array of risks.

At the November summit, Tesla’s Elon Musk and OpenAI CEO Sam Altman mingled with some of their fiercest critics, while China co-signed the “Bletchley Declaration” on collectively managing AI risks alongside the United States and others.

British Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol will oversee a virtual summit later on Tuesday, followed by a ministerial session on Wednesday.

This week’s summit will address “building… on the commitment from the companies, also looking at how the (AI safety) institutes will work together,” Britain’s Technology Secretary Michelle Donelan told Reuters on Tuesday.

Since November, discussion on AI regulation has shifted from longer-term doomsday scenarios to “practical concerns” such as how to use AI in areas like medicine or finance, said Aidan Gomez, co-founder of large language model firm Cohere.

Industry participants wanted AI regulation that will give clarity and security on where the companies should invest, while avoiding entrenching big tech, Gomez said.

With countries such as the UK and U.S. establishing state-backed AI Safety Institutes for evaluating AI models and others expected to follow suit, AI firms are also concerned about the interoperability between jurisdictions, analysts said.

Representatives of the Group of Seven (G7) major democracies are expected to take part in the virtual summit, while Singapore and Australia were also invited, a South Korean presidential official said.

China will not participate in the virtual summit but is expected to attend Wednesday’s in-person ministerial session, the official said.

South Korea’s foreign ministry said Musk, former CEO of Google Eric Schmidt, Samsung Electronics’ Chairman Jay Y. Lee and other AI industry leaders will participate in the summit.

(Reuters)

RELATED ARTICLES

11 hours ago | EY IESA report

India’s semiconductor market projected to cross USD 200 billion by 2035: EY-IESA report

India's semiconductor market is projected to grow more than threefold from nearly 64 billion US dollars in 2026 to 200 billion US dollars by 2035, according to an EY-IESA report. The report, titled 'Semicon India 2.0: From capacity creation to ecosy...

19/09/26 | 2:03 pm | Indian Startups

Nearly half of recognised startups based in Tier-2, Tier-3 cities: PM Modi

Prime Minister Narendra Modi on Saturday said India's startup ecosystem is no longer confined to major cities, with youth from villages, towns and smaller cities playing an increasingly important role in the country's new economy. Addressing the 20t...

19/09/26 | 1:13 pm | Central Public Sector Enterprises

NLMC recommends monetisation proposals worth over ₹5,000 crore

The National Land Monetization Corporation Limited (NLMC) has recommended proposals involving assets worth more than ₹5,000 crore for monetisation as part of efforts to accelerate the utilisation of surplus land and building assets owned by Central...