Posted 1/10/2024, 11:50:00 PM
Congress Faces Mounting Pressure to Pass AI Regulations in 2023 After Inaction Last Year
- Congress faces growing pressure to act on AI regulations this year after failing to pass any proposals in 2022
- Senate Majority Leader Chuck Schumer originally promised AI rules would take “months,” but there was no action before end of last year
- As AI technology expands rapidly, lack of Congressional guardrails is becoming more concerning
- Experts say Congress is “way behind” and needs to act quickly in 2023 before public loses faith
- SEC approving Bitcoin ETFs this week highlights how AI and tech continues advancing amid Congressional inaction