New York state is making a pivotal move in understanding and regulating Artificial Intelligence (AI) by acquiring a supercomputer capable of running AI programs. The acquisition aims to improve its understanding of AI and streamline regulatory efforts.
An Unprecedented Move Towards Understanding AI
In an ambitious endeavour, the state of New York is seeking to procure a supercomputer capable of running artificial intelligence (AI) programs. This strategic move aims to equip the state with an in-depth understanding of AI, ultimately facilitating more effective regulation of the technology.
The state is keen on securing both the appropriate hardware and hiring seasoned professionals to manage the programs. The acquisition of a supercomputer is an illustration of New York’s dedication to remain at the forefront of technology, while acknowledging the imperative role of AI in the future.
Regulating AI with AI: An Insightful Strategy
Adrienne Harris, the Superintendent of the New York Department of Financial Services (DFS), has underlined the importance of this initiative. She emphasises that DFS’s investigation of AI and machine learning extends beyond their application in the private sector. This unprecedented move reflects a strategic transition towards a data-driven approach that leverages data analytics to improve the state’s ability to predict and respond to market trends and events.
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With major private tech and software firms progressively shifting towards AI, it is imperative, according to Harris, for regulators to adapt and utilise the same tools. In her view, not doing so would result in a missed opportunity.
The Ascending Supercomputer Market
The acquisition of a supercomputer comes at a time when the market for these powerful machines is flourishing. Historically, supercomputers have been the mainstay of military and intelligence agencies. In recent years, their application has expanded to civilian sectors, with their use in diverse areas such as weather prediction, pharmaceutical research, and vehicular crash simulations.
The supercomputer market is predicted to grow at a compound annual growth rate of 9.5% from 2021 to 2026, driven by the increasing adoption of cloud computing and the demand for larger datasets to train and operate AI. With an investment estimated in millions of pounds, New York’s move can be seen as a nod to this trend.
New York’s proactive acquisition of a supercomputer signifies a commitment to staying ahead of the curve in technological advancements. The initiative underscores the importance of AI in our future and recognises the necessity of comprehensive understanding and regulation of the technology. As AI continues to shape numerous aspects of life and business, this move by New York stands as a testament to its potential and the need for regulation.
