Current Affairs - Business - Discussion

Social media giant Facebook announced that it will create an independent Institute for Ethics in Artificial intelligence (AI) with an initial investment of $7.5 million over a period of five years. Technical University of Munich (TUM) in Germany will collaborate with this project which aims to explore fundamental issues affecting the use and impact of AI. The Institute will address issues that affecting the use and impact of AI such as Safety, Privacy, Fairness, and transparency. TUM was ranked 6th in the world for AI research by the Times Higher Education magazine in 2018.