IMD has created an AI Safety Clock to evaluate the risk posed by artificial intelligence outside of human control.
Inspired by the original ‘Doomsday Clock’ that shows how close humanity is to nuclear annihilation, a team of experts at IMD’s TONOMUS Global Center for Digital and AI Transformation has set the clock at 29 minutes to midnight, a symbolic representation of the point when Uncontrolled Artificial General Intelligence (UAGI) could inflict significant harm on humanity.
The AI Safety Clock was built following a wide-ranging evaluation of factors that drive AI-related risks. This is supported by a proprietary dashboard that tracks developments across over 1,000 websites and 3,470 news feeds, providing real-time insights and continuous monitoring of technological and regulatory advancements.
The team of experts focused on potential risks posed by uncontrolled AGI – artificial intelligence which could act independently of human control and in effect wield its own power.
While technological developments such as new models, chips, autonomous agents, robotics and weaponisation push the clock closer towards midnight, IMD emphasizes that, alongside regulation, companies developing AI also play a vital role in mitigating the risks posed by AGI. Effective collaboration between governments and the private sector is critical to addressing these challenges.
By evaluating and communicating the risks to the public, policymakers, and business leaders, the AI Safety Clock’s creators aim to help ensure the safe development and use of AI technologies.
“The IMD AI Safety Clock is designed to raise awareness, not alarm. As we set the Clock for the first time, the message is that the risk is serious, but it’s not too late to act,” said Michael Wade, Professor of Innovation and Strategy and Director of IMD’s TONOMUS Global Center for Digital and AI Transformation. “Uncontrolled AGI could cause havoc for us all, and we are moving from a time of medium risk to one of high risk. But we’re not past the point of no return.
“Effective, joined-up regulation can constrain the worst tendencies of new technologies without losing their benefits, and we call on international actors and tech giants alike to act in all of our best interests.”
