"Artificial intelligence has fundamentally changed lives. I hope that while promoting the development of artificial intelligence, the younger generation can also have a strong sense of responsibility for safeguarding the future of mankind." On July 9, at the 2020 World Artificial Intelligence Conference, Blackstone Group was founded. Su Shimin, chairman and CEO, said.

Schwarzman is known as the "King of Wall Street". The Blackstone Group founded it manages $538 billion in assets and can invest up to $150 billion in cash. Schwarzman has been paying attention to the development of artificial intelligence. He believes that artificial intelligence can help countries train and re-arrange their workforce to deal with the 21st century work challenges and solve predictable labor mismatch problems.

In the manufacturing field, AI applications also have great potential to prevent the maintenance of machine performance and improve employee productivity and product quality. At the same time, artificial intelligence can also help companies optimize complex global supply chains, predict market changes, and build a more agile, reliable and resilient supply chain.

Schwarzman and artificial intelligence were linked to a conversation with Jack Ma, who described widespread disagreement among business and academic leaders on whether artificial intelligence is pros and cons to society. This discussion drove Schwarzman to focus on artificial intelligence and make artificial intelligence the focus of charity work in recent years. In 2018, Schwarzman donated 350 million US dollars to help MIT build the Schwarzmann Institute of Computing. In 2019, Schwarzman donated £150 million to the University of Oxford in the UK to establish a new college focused on the research on artificial intelligence ethics. At the same time, he also founded the Schwarzman College at Tsinghua University, committed to interdisciplinary research and development of AI to cope with new opportunities and challenges brought about by the development of artificial intelligence.

Schwarzman believes that the development of artificial intelligence faces potential social governance and moral ethical issues. AI development requires collaboration between multiple countries and needs to follow five ethical principles. First of all, the principle of transparency. The AI ​​decision-making process should not be a "black box", and the artificial intelligence system must be easy to translate and interpret. The second is the principle of fairness. Technology should not aggravate inequality or prejudice and discrimination, but should promote inclusion and benefit as many people as possible from artificial intelligence technology.

The third is the principle of safety. Artificial intelligence technology should never cause foreseeable or unintentional damage, and the reliability and security of the artificial intelligence system must be guaranteed. The fourth is the principle of responsibility. R&D and testers must take into account all potential risks of AI. If there is a problem with the decision-making of AI systems, they must have the ability to remove and take mandatory remedial measures.

The fifth is the privacy principle. Because many AI applications rely on data, users’ personal privacy must be protected and personal information must be stored and protected in an easy-to-understand way. Users should also have the right to easily revoke AI’s use of their personal information. "The sooner these principles are proposed and applied through the meeting, the more likely it is to avoid the negative consequences of AI." Su Shimin emphasized.