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Microsoft CDR (CAD Hedged)
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Market Cap C$ 201,939,000
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Globe says Microsoft, rivals hear AI a worry for some

2023-05-26 08:45 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)

The Globe and Mail reports in its Friday, May 26, edition that few Canadian believe Ottawa is up to the task of regulating AI. The Globe's guest columnist Matt Malone writes that surveys recently conducted for the Privy Council Office, found that just 24 per cent of the population trusts the federal government to implement effective policies to regulate AI. Transparency is at the forefront of many of the ever increasing calls for the regulation of AI. Ottawa's proposed AI law does not even apply to the government itself. So much for accountability when things go wrong with the government's own experimentation with AI in areas such as law enforcement, immigration and border control. As for watchdogs like the Privacy Commissioner, they are no longer fit for purpose. The commissioner's recent moves on ChatGPT succeeded in garnering a lot of attention. However, the commissioner's record of investigations makes clear the ChatGPT investigation will not conclude until next year at the earliest likely after Microsoft-backed OpenAI releases the next iteration of ChatGPT. In the meantime, Big Tech companies developing AI, like Microsoft and Google, have acquired literally hundreds of their competitors.

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