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Adobe, IBM, Nvidia, Palantir, Stability, Salesforce, Scale AI and Cohere have joined the ranks of Google, OpenAI, and Microsoft in a growing list of tech companies pledging voluntary commitments to the ethical use of artificial intelligence (AI). Initiated by U.S President Joe Biden, these commitments signal a growing awareness of the need to properly manage the use of AI and its implications for society.

The commitments require adhering organizations to actions including the watermarking of AI-generated content and ensuring the conscientious use of AI. These are seen as preventative measures against the misuse of AI, such as creating disinformation, deep fakes, or using it for other destructive purposes, while also promoting transparency for AI-generated content.

This move follows similar agreements by Google, OpenAI, and Microsoft that signed onto these commitments back in July. The collective alignment of these tech giants indicates an industry-wide consideration of the societal impacts of AI, and underline the importance of ethically leveraging its power.

These commitments currently serve as a self-imposed guardrail while Congress continues to discuss potential AI legislation. But as of now, no significant laws pertaining to the use or regulation of AI have been enacted. Despite this, the impact of these commitments should not be understated. It signifies an understanding within the industry of AI's potential for misuse, and a willingness to proactively ensure its responsible application.

Adding weight to this movement, the White House has plans to issue an executive order on AI. Though the specifics of this order are not yet known, it clearly suggests that AI has earned a significant spot on the national policy agenda, and is being actively addressed at the highest levels of government.

The decisions made today by our tech leaders and lawmakers will shape our AI-driven future. These voluntary commitments are interim steps that lay the groundwork for safer, more effective and more ethically-sound use of AI. As machine learning, deep learning, and other facets of AI continue to advance, the need for a regulatory framework becomes increasingly crucial.

These commitments and forthcoming legislation may set a powerful precedent for global AI use. The steps taken by these tech giants might encourage other nations and international agencies to enact similar guidelines and laws, leading to a coordinated global effort towards responsible AI use. Regulating AI at its current stage might prevent future mishaps and combat undesirable outcomes that could potentially arise from AI misuse.

The action taken by these influential tech companies can, and most likely will, shape how AI evolves and is integrated into our daily lives. It will also inform the future legislation on AI, ensuring that as society ventures further into the AI-powered future, it does so in a way that promises safety, transparency, and accountability.

In an era where AI capabilities are growing at an unprecedented rate, this industry-wide commitment marks the first step on the long journey to ensure AI is implemented responsibly and ethically. As these voluntary commitments show, the tech industry understands the serious nature of these challenges, and is ready to take responsible action.