Economy

Industry leader warns AI will ‘burn the world’ if sustainable practices are not adopted

IBC: Industry leader warns AI will ‘burn the world’ if sustainable practices are not adopted

AI will ‘burn the world’ unless radical action is taken to embrace sustainability, according to a leading industry figure.

Speaking at the International Broadcasting Convention (IBC) in Amsterdam, Tom Dunning, CEO and Founder of Ad Signal, warned attendees of the risks posed by failing to implement sustainable practices, calling on the industry to take urgent action to tackle the problem.

Dunning’s comments came as industry figures gathered at the IBC to discuss upcoming innovations in cloud storage and production to help promote best practices for financial and environmental sustainability. In recent years, demand for cloud storage has surged due to global content production, sharing, streaming, and distribution. However, its adoption does not come without financial and environmental costs.

Access and storage costs are not always transparent or predictable, and some research has revealed that data centres are now responsible for 2.5-3.7 per cent of all human-induced CO2 emissions – more than the aviation industry at 2.1 per cent. AI-related CO2 is also high due to the mining and manufacturing associated with graphics processing unit (GPU) production.

The growth and adoption of AI has skyrocketed over recent years and is projected to grow at a 37 per cent compound annual growth rate (CAGR) by 2030, according to Grand View Research.

Tom Dunning, CEO & Founder of Ad Signal, commented: “Addressing sustainability concerns in the broadcasting, entertainment, and technology industries is not just a choice, but now a necessity. While these industries host immense benefits for the economy, they also present significant challenges in the context of environmental impact.

“While we can’t expect any organisation to give up the commercial benefits of AI, it is clear that there’s an urgent need to minimise its carbon impact. The notion that AI could potentially burn the world arises – a stark reminder of the environmental consequences if we fail to act responsibly.

The event at IBC is a vital platform for bringing this discussion to the forefront of industry leaders’ minds. It’s a call to action to educate and inform, to share best practices, and to drive innovation in cloud storage and production that minimises environmental impact while maximising financial sustainability.”

The panel event consisted of key speeches from Tom Dunning, CEO & Founder of Ad Signal, Barbara Murphy, Vice President of Cloud Strategy at WEKA, Rosie Pongracz, Chief Marketing Officer at Storj, and Dom Robinson, Founder of Greening of Streaming.

The session, as part of the IBC, the premier annual event for professionals engaged in the creation, management and delivery of entertainment and news content worldwide, looked to explore innovative approaches to managing cloud storage and production so that, through the shift from a capex to opex cost model and making remote and collaborative working a viable option, can unlock opportunities for smaller independent studios while limiting the industry’s carbon footprint.

To continue championing sustainable practices, Tom Dunning will also be speaking at IBC on Sunday in Hall 5 at 10:15am on storing and tagging less data.

His company, Ad Signal, will present a case study using Clearcast’s content to compare its Match product to the current industry process, which can save up to 75 per cent of costs as well as carbon in comparison to AI.

The post Industry leader warns AI will ‘burn the world’ if sustainable practices are not adopted first appeared on BusinessMole.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top