Opinion: Governments and industry must balance ethical concerns in the race for AI dominance

The CEO of OpenAI, the company behind ChatGPT, recently testified before United States senators that AI “could go quite wrong” and his company wanted to “work with the government to prevent that from happening.”

Despite these growing concerns, there are few signs that investment in China-made AI has — or will — decelerate, with U.S. venture capitalists continuing to invest heavily in the country’s AI sector. As businesses seek to capitalize on these opportunities, they must expand their portfolios to international markets. China is poised to provide a high return on investment to these businesses.

Ethical business of AI Research has repeatedly demonstrated that a product’s country of origin affects consumers’ perception. Yet, these factors must be carefully weighed against others. We must be wary of virtue signalling that fixates on China’s problems and ignores our own, as these are differences in the degree of these issues rather than the kind of issues.

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