At the VivaTech conference in Paris on Wednesday (May 22), executives from Amazon and Google spoke about the potential of artificial intelligence (AI) and the positive impact it can have on economies and communities.
This comes at a time when regulators around the world are working to address potential harms associated with the technology and establish regulations governing its use, CNBC reported on Thursday (May 22). Reported.
According to the report, Amazon's Chief Technology Officer Werner Vogels said AI has the power to solve some of the world's toughest problems. He highlighted the use of AI in Jakarta, Indonesia, where it is being employed to connect small-scale rice farmers to financial services and improve efficiency in the rice supply chain.
According to the report, Google's Senior Vice President of Technology and Society James Manica focused on the potential of AI in the health and biotechnology sectors. He mentioned a version of Google's Gemini AI model designed specifically for medical applications and its ability to understand medical context. Manica also highlighted Google DeepMind's AlphaFold 3 AI model, which is available to researchers. He further discussed Google's recent innovations, such as watermarking technology to identify AI-generated content.
According to reports, the discussion at VivaTech came after the European Union (EU) approved the AI ​​Act, the world's first major law regulating AI, on Tuesday (May 21). The AI ​​Act takes a risk-based approach, treating different AI applications differently based on the perceived threat.
The report said major US tech companies such as Amazon and Google are actively working with regulators to curry favor with French authorities. Microsoft and Amazon recently pledged to invest a combined €5.2 billion (approximately $5.7 billion) in cloud and AI infrastructure and jobs in France. French President Emmanuel Macron also met with technology leaders to discuss turning Paris into a global AI hub.
The report said that while Big Tech companies are trying to persuade regulators, concerns remain about the impact on small and medium-sized businesses and the potential for them to exert monopolistic control over AI technology. Critics are concerned about the risks associated with advanced generative AI systems, including job loss, copyright infringement, misinformation, and harmful content.
Read more: AI, AI Law, AI Regulation, Amazon, Artificial Intelligence, Big Tech, EMEA, Google, News, PYMNTS News, Technology, VivaTech, Hot Topics
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