Stock Market News

US needs ‘comprehensive legislation’ to address AI risks -Schumer

2023.06.21 14:41


© Reuters. Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration

By David Shepardson and Richard Cowan

WASHINGTON (Reuters) -U.S. Senate Majority Chuck Schumer on Wednesday called for “comprehensive legislation” to advance and ensure safeguards on artificial intelligence (AI) and will hold a series of forums in later this year.

“If the government doesn’t step in, who will fill its place? Individuals and the private sector can’t do the work of protecting our country,” Schumer said.

He pledged to convene the “top minds in artificial intelligence” starting in September to join a “series of AI Insight Forums that will begin laying down a new foundation for AI policy.”

Governments around the world are considering how to mitigate the dangers of the emerging technology and U.S. lawmakers are increasingly urging quick action to address risks. Surging popularity of so-called generative AI, which uses data to create new content like ChatGPT’s human-sounding prose, could remake human society.

In April, Schumer circulated a framework outlining a new regulatory regime to “prevent potentially catastrophic damage to our country while simultaneously making sure the U.S. advances and leads in this transformative technology.”

Schumer warned Wednesday “if we don’t set the norms for AI’s proper uses, others will. The Chinese Communist Party, which has little regard for the norms of democratic governance, could leap ahead of us and set the rules of the game for AI.”

Congress is narrowly divided and has not reached any consensus on AI legislation.

“Even if many developers have good intentions, there will always be rogue actors, unscrupulous companies, and foreign adversaries that seek to harm us,” Schumer said. “And companies may not be willing to insert guardrails on their own, certainly if their competitors are not required to insert them as well.”

Schumer said AI is already disrupting the way tens millions of people make a living

“Lower-skilled tasks will keep falling victim to automation at a faster and faster rate—displacing millions of low-income workers, many from communities of color,” Schumer said. “Trucking, manufacturing, energy production could be next. And rest assured, those with college educations and advanced degrees won’t be safe either.”

President Joe Biden said Tuesday his administration “is committed to safeguarding Americans’ rights and safety while protecting privacy, to addressing bias and misinformation, to making sure AI systems are safe before they are released.”

In April, the CEOs of ChatGPT developer OpenAI, its backer Microsoft (NASDAQ:), and Alphabet (NASDAQ:) met with Biden and other officials to discuss AI.

Congress should encourage not stifle innovation, Schumer will argue: “But if people don’t think innovation can be done safely, that will stifle AI’s development and even prevent us from moving forward.”

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,779.09 1.12%
ethereum
Ethereum (ETH) $ 2,608.51 0.22%
tether
Tether (USDT) $ 0.999639 0.03%
bnb
BNB (BNB) $ 593.67 1.64%
solana
Solana (SOL) $ 146.62 0.87%
usd-coin
USDC (USDC) $ 0.999713 0.02%
xrp
XRP (XRP) $ 0.589872 2.01%
staked-ether
Lido Staked Ether (STETH) $ 2,607.66 0.23%
dogecoin
Dogecoin (DOGE) $ 0.107636 1.41%
the-open-network
Toncoin (TON) $ 5.65 0.19%
tron
TRON (TRX) $ 0.151292 0.46%
cardano
Cardano (ADA) $ 0.353789 1.02%
avalanche-2
Avalanche (AVAX) $ 27.30 0.34%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,076.62 0.05%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,735.08 1.21%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.19%
weth
WETH (WETH) $ 2,609.34 0.11%
chainlink
Chainlink (LINK) $ 11.20 1.81%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.65 0.77%
polkadot
Polkadot (DOT) $ 4.36 1.46%
dai
Dai (DAI) $ 1.00 0.00%
leo-token
LEO Token (LEO) $ 5.80 1.40%
litecoin
Litecoin (LTC) $ 68.87 2.91%
uniswap
Uniswap (UNI) $ 6.73 1.38%
near
NEAR Protocol (NEAR) $ 4.53 1.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,734.04 0.14%
sui
Sui (SUI) $ 1.57 7.35%
kaspa
Kaspa (KAS) $ 0.166159 2.38%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.62 0.77%
aptos
Aptos (APT) $ 7.89 1.98%
internet-computer
Internet Computer (ICP) $ 8.36 1.76%
bittensor
Bittensor (TAO) $ 494.40 6.47%
pepe
Pepe (PEPE) $ 0.000008 1.65%
monero
Monero (XMR) $ 173.94 1.28%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.13%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.403894 1.63%
stellar
Stellar (XLM) $ 0.096008 1.60%
ethereum-classic
Ethereum Classic (ETC) $ 19.02 1.62%
immutable-x
Immutable (IMX) $ 1.71 5.68%
blockstack
Stacks (STX) $ 1.73 1.04%
ethena-usde
Ethena USDe (USDE) $ 0.998733 0.07%
aave
Aave (AAVE) $ 164.37 2.86%
okb
OKB (OKB) $ 40.22 1.49%
crypto-com-chain
Cronos (CRO) $ 0.085388 0.85%
render-token
Render (RENDER) $ 5.77 4.34%
filecoin
Filecoin (FIL) $ 3.77 1.19%
arbitrum
Arbitrum (ARB) $ 0.607928 0.28%
injective-protocol
Injective (INJ) $ 21.70 4.03%
mantle
Mantle (MNT) $ 0.628392 2.05%
optimism
Optimism (OP) $ 1.71 1.66%