CURRENT AFFAIRS

Detailed explanation-1: -The Institute for Ethics in Artificial Intelligence, which is supported by an initial funding grant from Facebook of $7.5 million over five years, will help advance the growing field of ethical research on new technology and will explore fundamental issues affecting the use and impact of AI.

Detailed explanation-2: -In addition to Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG), and Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NYSE:ORCL) is one of the biggest AI companies in the world.

Detailed explanation-3: -Amazon, Microsoft, Google, and IBM all have one big thing in common - they are leaders in artificial intelligence (AI) and machine learning (ML). And while they may be leading the way right now, other companies are hard at work developing their own AI technology and services.

Detailed explanation-4: -UNESCO Member States adopt the first ever global agreement on the Ethics of AI. In November 2021, the 193 Member States at UNESCO’s General Conference adopted the Recommendation on the Ethics of Artificial Intelligence, the very first global standard-setting instrument on the subject.