Artificial intelligence (AI) has been the biggest topic of discussion in the tech industry since OpenAI announced ChatGPT in November 2022. Soon after, companies like Google, Meta, and Microsoft also invested heavily in their own AI efforts.
Big tech companies are not shy about sharing their ambitions for AI, but recently, they have been quietly addressing the risks this technology poses to their businesses. In its 2023 annual report, Alphabet – Google's parent company – stated that AI products and services present ethical, technological, legal, and regulatory challenges that could negatively impact brands and demand.

According to Bloomberg, Meta, Microsoft, and Oracle also mentioned concerns about AI in their filings with the U.S. Securities and Exchange Commission (SEC), often placing them under the "risk factors" section. For example, Microsoft stated that AI generation features could be vulnerable to unforeseen security threats.
In its 2023 annual report, Meta, Facebook's parent company, emphasized that "there are significant risks associated with the development and deployment of AI," and that "there is no guarantee that using AI will improve services, products, or benefit business operations." Meta listed scenarios where AI could harm users and make them vulnerable to lawsuits, such as misinformation (like in elections), malicious content, intellectual property violations, and data privacy infringements.
Meanwhile, the public has also expressed concerns about AI making some jobs obsolete or disappearing, or about large-scale language models trained on personal data spreading misinformation.
On June 4th, a group of former and current OpenAI employees sent a letter urging technology companies to do more to mitigate the risks of AI. They expressed concerns that AI could increase inequality, manipulate the system, spread misinformation, and that uncontrolled AI systems could threaten the survival of humankind.
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