Artificial intelligence companies at the AI summit in Seoul have reached an agreement to implement a "kill switch" policy to halt the development of advanced AI models if certain risk thresholds are exceeded. This decision has sparked a debate about the future of AI and its implications on commerce, with experts questioning the practicality, effectiveness, and consequences of such a policy on innovation and the global economy. Proponents argue that the kill switch is necessary to safeguard against the dangers of unchecked AI development and ensure safe and ethical technology advancements that could revolutionize various industries. Skeptics have raised concerns about the terminology and practicality of the kill switch. They see it as an agreement to abide by ethical standards rather than a complete cessation of research.

The ability to define and measure risk, provide auditable reports, and enforce compliance has also been questioned. There are doubts about the effectiveness of the kill switch, with critics pointing out that without enforcement or strong regulatory policies, it relies on individual stakeholders voluntarily abiding by the agreement. There are also concerns about governments' ability to oversee AI research adequately and act swiftly enough to maintain control. The challenges of self-regulation and the potential for AGI to circumvent the kill switch have been highlighted. It is emphasized that finding the right balance between innovation and safety is crucial, and more specific regulations and international coordination are needed to address the risks and opportunities of AI while supporting its transformative potential.