Joe Biden said on Friday he wants to regulate artificial intelligence (AI) development “responsibly and safely” during a meeting at the White House with tech giants who pledged to fight both cyberattacks and fraud, AFP reported.

Joe Biden Photo: Jacek Boczarski / AFP / Profimedia

“Artificial intelligence is a huge, huge prospect that offers incredible opportunities, but also poses risks to our society, our economy and our national security,” the US president said.

Along with executives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI, Joe Biden said “the group here (is) going to be critical to driving this innovation with accountability and security.”

While the seven companies committed to “three principles that should be fundamental to the development of artificial intelligence”, namely security, protection and trust, Joe Biden applauded their commitment to “drive responsible innovation”.

“We’re going to see more technological change in the next 10 years, or even in the next few years, than we’ve seen in the last 50 years. It was an amazing discovery for me,” the Democratic president said.

Elections of 2024

But fears about this powerful technology are growing: from danger to consumers (fraud) and citizens (misinformation) to the risk of losing many jobs.

In particular, seven companies promised to test their software internally and externally before releasing it. They also pledged to invest in cybersecurity and share relevant information about their tools, including potential flaws, with authorities and researchers.

They must also “develop reliable methods for users to know when content has been created by artificial intelligence,” the White House added.

Until now, major target companies have been rather reluctant to add such brands to content created through their programs.

Fake photos and deepfakes have been around for years, but generative artificial intelligence, which can generate text and images based on a simple query in everyday language, has sparked fears of an avalanche of fake content online.

This can be used to create very believable scams or to manipulate public opinion. This is an especially troubling prospect in view of the 2024 US presidential election.