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

Schwarzman is known as the "King of Wall Street". The Blackstone Group he founded manages US$538 billion in assets and has investable cash of up to US$150 billion. Schwarzman has always been concerned about the development of artificial intelligence. He believes that artificial intelligence can help countries train and rearrange their labor force to meet the work challenges of the 21st century and solve the problem of predictable labor mismatch.

In the manufacturing field, AI applications also have great potential to preventively maintain 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 more agile, reliable, and flexible supply chains.

Schwarzman's association with artificial intelligence stemmed from a conversation with Jack Ma, who described the widespread disagreement among business and academic leaders over whether artificial intelligence would be a benefit or a detriment to society. This discussion drove Schwarzman to pay attention to artificial intelligence and make artificial intelligence the focus of his philanthropic work in recent years. In 2018, Schwarzman donated US$350 million to help MIT build the Schwarzman School of Computing. In 2019, Schwarzman donated 150 million pounds to the University of Oxford in the United Kingdom to establish a new college focused on artificial intelligence ethics research. At the same time, he also founded the Schwarzman Institute at Tsinghua University, which is committed to the interdisciplinary research and development of AI and responds to the 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 and ethical issues. AI development requires multi-national collaboration and must follow the five ethical principles. The first is the principle of transparency. The artificial intelligence decision-making process should not be a "black box" and the artificial intelligence system must be easy to translate and explain. The second is the principle of fairness. Technology should not exacerbate inequality or prejudice and discrimination, but should promote inclusiveness and allow as many people as possible to benefit from artificial intelligence technology.

The third is the principle of safety. Artificial intelligence technology should never cause foreseeable or unintentional harm, and the reliability and safety of artificial intelligence systems must be guaranteed. The fourth is the principle of responsibility. R&D and testing personnel must consider all potential risks of AI. If there is a problem with the AI ​​system decision-making, they must have the ability to clean up and take mandatory remedial measures.

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