July 2023. Seven leading IT firms — Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Nvidia and Tesla — are meeting President Biden to reach an agreement about new AI systems for being transparent and secure.

The AI systems will be subjected to testing, both internal and external, before their release. The systems will be probed for security flaws and discriminatory tendencies.

These firms will make new commitments to share information to improve risk mitigation with governments, civil society and academics. They will report vulnerabilities as they emerge. Leading AI companies will incorporate watermarks into the material they generate. However, this system is yet to be developed. It may prove difficult to stamp content in a way that it cannot be effaced by malignant actors.

There is immense public interest in the emerging technologies, and concern over the societal risks.

The meeting will be important first step in ensuring responsible guardrails for AI.

AI is expected to benefit the society at large, and therefore should be built and deployed responsibly.

Before the present meeting, the executives have already met the VP Kamala Harris.