Veritone Inc (NASDAQ:VERI) CEO Ryan Steelberg says, “Technology innovation is way ahead of the appropriate amount of controls and disciplines that governments and their regulators can devise and enforce.“
He believes that it’s up to the companies building artificial intelligence applications and software to ensure that fast-paced innovation in the sector is developed and deployed safely.
“As with all classic technologies that have evolved over time, it takes a while for government legislation and policies to catch up,” Steelberg told Benzinga’s Live Trading webcast on Tuesday.
“This is a crazy, exciting time, but it’s also wrought with concerns and risks that we all need to look into and address.”
He says that it is the responsibility of companies such as Veritone, Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) and other leaders in the development of AI and cloud services to ensure transparency.
“So, we’re picking up that mantle in what we’re calling ‘AI For Good,’ to make sure that when we introduce these tools there’s transparency. Because, we as a society, as legitimate enterprises, we deserve to use these technologies.”
He adds: “This shouldn’t just be malware in the hands of malicious people, ...