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Donald Trump announced Tuesday that top tech executives have agreed to voluntary standards for AI.

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Under the “morally binding” agreement, the firms will implement “robust internal controls” to keep models operating as intended and partner with "independent auditors" to assess whether they’re working as they should.

The initiative is welcome, yet I and many other cyber security professionals see this announcement as 'better than nothing' rather than what is urgently needed.

Although we need to balance innovation with safety, the AI development race has created the opposite incentive. Speed is rewarded with investment, while safety is too often seen as an inhibitor, which may have serious consequences.

Self-regulation is not the answer. Even leaders at major AI labs have called for external regulation to enforce a universal slowdown so security regulations can catch up.

AI models are becoming more powerful and competent at a........

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