Paris, the vibrant capital of France, set the stage for an extraordinary event. VivaTech 2023 opened its doors on June 14th. This internationally acclaimed gathering has become a cornerstone of the global entrepreneurship and innovation ecosystem. Over the course of three days, entrepreneurs, investors, and industry leaders convened to discuss the latest trends, forge valuable connections, and explore growth opportunities.
One of the highly debated subjects during the event was Artificial Intelligence (AI). It has become a topic of great interest and concern in recent years as it offers immense potential for transforming various industries and simplifying our lives.
In this blog post, we will delve into a conversation between experts during the event discussing the opportunities and risks associated with AI where Build38 participated.
Exploring the Impact of AI: Opportunities, Risks, and the Need for Regulation
Marc Obrador, Build38’s Chief Technology Officer, participated with other renowned experts, in a roundtable about the impact of AI. The societal and ethical challenges linked with AI were discussed, with emphasis on the importance of safety measures and continuous updates to ensure responsible development. It is clear that AI has affected different industries, including cybersecurity and education, with both positive and negative implications.
Marc Obrador, shared his perspective, by shedding light on the advancements and challenges brought about by AI. He discussed how AI enables processing, and anomaly detection in large and unmanageable datasets. However, he emphasises caution about the potential risks posed by AI in the wrong hands. Manipulating training data or biassed models can lead to unwanted outcomes. He suggests that critical thinking and careful consideration of the quality of training data are necessary to mitigate these risks. He also emphasises the importance of being cautious while using AI and not blindly trusting its outputs.
The discussion continues with other implications such as synthetic data generation, explaining how they can anonymize data using generative AI. This approach helps organisations protect personal information while utilising the power of AI. They mention various industries, including healthcare, banking, insurance, and telecommunications, where large amounts of data are collected and emphasise the growing importance of data protection.
The discussion concluded with a focus on AI regulation. The panellists acknowledge the need for regulations to address ethical concerns, social biases, privacy, and data protection. However, they also highlight the delicate balance required to avoid stifling innovation. They mention ongoing efforts in the European Union and the United States to develop AI regulations while recognizing the challenges of keeping pace with AI advancements.
More about the VivaTech event
One of the primary goals of VivaTech is to foster innovation and collaboration among participants. Throughout the event, renowned speakers shared their insights, experiences, and vision for the future, inspiring and empowering the next generation of entrepreneurs. Attendees had the opportunity to engage in thought-provoking panel discussions, attend workshops, and witness captivating pitch competitions, where startups showcased their ground-breaking ideas.
Technological advancements were at the forefront of Vivatech 2023, as emerging trends such as artificial intelligence, blockchain, and the Internet of Things took centre stage.
Startups and established companies like Build38 presented their groundbreaking solutions, demonstrating how these technologies can transform industries and drive business growth. Investors eagerly sought out the most promising ventures, recognizing the immense potential for disruptive innovation and high returns.
Build38, your expert in Mobile App security
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