In the past few years - and particularly in the past few months - AI has experienced an unprecedented surge in popularity and fascination.
Among the advancements that have captivated the public is generative AI technology, exemplified by ChatGPT's recent groundbreaking launch which has already, quickly become the fastest-growing app of all time.
Pressing AI risks: Deep fakes, misinformation and ethical conundrums
However, alongside its promise, AI has raised concerns regarding the potential for deep fake images, misinformation and ethical conundrums.
The alarm bells regarding the latest form of AI, generative AI, have grown louder, especially among the very developers who designed it.
UN Secretary General Antonio Guterres stressed the importance of taking these warnings seriously, recognising the potential risks associated with generative AI.
United Nations calls for establishing an AI watchdog
To address these concerns and safeguard AI development, Guterres has announced plans to establish a high-level AI advisory body that will actively review and assess AI governance arrangements.
This body will offer recommendations on how to align AI applications with human rights, the rule of law and the common good.
Going nuclear: The example of the International Atomic Energy Agency
Moreover, Guterres expressed his support for the creation of an international AI watchdog, drawing inspiration from the successful model of the International Atomic Energy Agency (IAEA).
The IAEA, founded in 1957 and headquartered in Vienna, has played a vital role in promoting the safe, secure and peaceful use of nuclear technologies.
It currently boasts 176 member states and actively monitors compliance with the Non-Proliferation Treaty (NPT).
While acknowledging the potential benefits of a IAEA-inspired AI watchdog, Guterres clarified that its establishment would require the collective efforts of member states rather than the Secretariat of the United Nations.
OpenAI joins the call for AI oversight
OpenAI, the organisation behind ChatGPT, echoed Guterres' sentiments and publicly supported the concept of an AI watchdog akin to the IAEA.
OpenAI proposed that such a body could impose necessary restrictions on AI deployment, ensure compliance with safety standards and monitor the usage of computing power to mitigate potential risks.
The Centre for AI Safety's (CAIS) statement: 350+ signatories recognise AI's existential threat
The call for a global AI watchdog has gained further traction with a recent statement signed by more than 350 of signatories at the Centre for AI Safety (CAIS), drawing attention to: "Mitigating the risk of extinction from AI [as] a global priority alongside other societal-scale risks such as pandemics and nuclear war."
The CAIS signatories were composed of world-famous AI scientists, professors, COOs and many other notable figures.
The Prime Minister joins the AI clarion call
Sunak expressed his ambition for Britain to become a global hub for AI safety regulation.
In line with this vision, Britain is set to host an international summit later this year, aimed at fostering coordinated action on a global scale to address the risks associated with AI.
Industry professionals have responded to these developments with mixed sentiments.
Cui bono? : Is good for business, bad for people?
However, she emphasised the critical importance of striking a balance between protecting users and facilitating innovation.
Reynolds believes that a global watchdog, responsible for raising and enforcing standards, could prove instrumental in effectively regulating AI and ensuring its responsible use.
Sjuul van der Leeuw, CEO of Deployteq, recognised the potential of generative AI tools to enhance the creative work of marketers - a statement that might seem trite, yet reorients AI firmly in a realm where it is certain to have seismic impact.
However, despite these potential benefits, Van der Leeuw simultaneously acknowledges the necessity of establishing global standards through an international AI watchdog.
He argues that such standards would instil confidence in the future of the industry, allowing for the responsible deployment of AI technologies while maintaining accountability and governance.
The need for AI oversight: Heeding the call
One thing is for certain: AI has the potential to, and most certainly will, reshape not only industry, but society, and even humanity as we know it.
As the momentum for stronger AI governance continues to build, the creation of a global AI watchdog is emerging as a crucial component in addressing the ethical, legal, societal and even anthropo-existential implications of AI.
By fostering collaboration among nations, and raising both governmental and industry standards, such a watchdog could pave the way for a sustainable and responsible AI future.
And that is our hope.