Microsoft, Google and other companies warn of financial risks in the development of AI – DiarioBitcoin

Despite being a formality, companies warn about the financial risks that developing in the field of AI for their business models, so that shareholders are aware of these scenarios in the event of poor results.

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• Major technology companies warn of the financial risks of developing the AI
• These include: Google, Dell, Microsoft, Meta, Nvidia, Oracle, Adobe and others
• Investors are warned about these possible scenarios so that they are aware
• However, the field of AI remains promising for its business models

Google, Dell, Microsoft, Meta and many other major US technology companies filed reports with “risk factor’s” related to artificial intelligence, with which they alert the Securities and Exchange Commission (SEC) on the threats that the implementation of these technologies represents for their corporate finances.

Risks present in the development of the AI

This is indicated by a report published by the news agency Bloomberg, which highlights that for these and other companies, development in the AI ​​sector poses certain financial challenges, since they would have to allocate resources and capital for this work in the face of the risks that this may entail.

According to the report, the idea of ​​informing the SEC on these risks aims “exempt companies from legal liability for foreseeable risks”with the aim of disseminating accurate information for investors in these companies.

Some of the risks reported by companies include:

• Microsoft alert on the development and use of the AI against possible lawsuits for copyright infringement.
• Adobe informs about the risks involved in using the AI compared to products such as Photoshop.
• Goal warns about the use of its tools AI to generate misinformation.
• Oracle Corp reports that its products in this area may not be as competitive as those of rival companies.
• Google He said that using his tools AI may adversely affect human rights, privacy, employment or other social concerns.

Promising sector

While the warnings are very valid, the report of Bloomberg indicates that several of these warnings may contradict the companies’ official statements regarding their products and services based on AI.

For example, they highlight the case of Adobe, which claimed that its programs would remain essential for professionals, but then went on to warn about the AI, layoffs and demand for their products and services.

It also highlights the case of certain warnings that, although unlikely, can come true. Here they cite the experience of Nvidia, manufacturers of graphic components, who warn of possible restrictions on products AI due to their misuse.

However, this does not mean that more and more recognized companies want to enter or have more participation in the market of the AI. The cases of Google and Manzana, those who, in the face of competition with OpenAI They have tried to make a space for themselves in the sector with their own products and services.

The publication of this report comes days after Google warned of a 50% increase in its carbon emissions due to the development of artificial intelligence. It indicated that its data centers now require greater energy consumption, so the capitalized results are far from the goals set by the company for 2023 regarding the use of clean energy.

Article by Angel Di Matteo / Bitcoin Diary

Picture of Unsplash

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