1. Home
  2. >
  3. AI šŸ¤–
Posted

U.S. Senators Propose New AI Regulation Framework With Federal Licensing and Oversight

  • U.S. senators recently proposed an AI regulation framework involving federal licensing and oversight.

  • The proposal would require general AI models and high-risk models to undergo a licensing process overseen by a new regulatory body.

  • Licensing would mandate risk management, testing, data governance, and adverse incident reporting.

  • The body could audit companies, enforce rules, and cooperate with states to regulate AI.

  • The goal is balanced regulation allowing innovation while providing safeguards and accountability.

barrons.com
Relevant topic timeline:
- Capitol Hill is not known for being tech-savvy, but during a recent Senate hearing on AI regulation, legislators showed surprising knowledge and understanding of the topic. - Senator Richard Blumenthal asked about setting safety breaks on AutoGPT, an AI agent that can carry out complex tasks, to ensure its responsible use. - Senator Josh Hawley raised concerns about the working conditions of Kenyan workers involved in building safety filters for OpenAI's models. - The hearing featured testimonies from Dario Amodei, CEO of Anthropic, Stuart Russell, a computer science professor, and Yoshua Bengio, a professor at UniversitƩ de MontrƩal. - This indicates a growing awareness and interest among lawmakers in understanding and regulating AI technology.
Main Topic: The use of artificial intelligence tools by federal agencies to handle Freedom of Information Act (FOIA) requests. Key Points: 1. Several federal agencies, including the State Department, Justice Department, and CDC, are testing or using machine-learning models and algorithms to search for information in government records. 2. Some transparency advocates are concerned about the lack of safeguards and standards in the use of AI for FOIA purposes. 3. The FOIA process needs modernization and improvement due to increasing caseloads and backlogs of requests.
### Summary The article discusses the rapid advancement and potential risks of artificial intelligence (AI) and proposes the idea of nationalizing certain aspects of AI under a governing body called the Humane AI Commission to ensure AI is aligned with human interests. ### Facts - AI is evolving rapidly and penetrating various aspects of American life, from image recognition to healthcare. - AI has the potential to bring both significant benefits and risks to society. - Transparency in AI is limited, and understanding how specific AI works is difficult. - Congress is becoming more aware of the importance of AI and its need for regulation. - The author proposes the creation of a governing body, the Humane AI Commission, that can control and steer AI technology to serve humanity's best interests. - The nationalization of advanced AI models could be considered, similar to the Atomic Energy Commission's control over nuclear reactors. - Various options, such as an AI pause or leaving AI development to the free market or current government agencies, have limitations in addressing the potential risks of AI. - The author suggests that the United States should take a bold executive leadership approach to develop a national AI plan and ensure global AI leadership with a focus on benevolence and human-controlled AI. ### šŸ¤– AI Nationalization - The case to nationalize the ā€œnuclear reactorsā€ of AI ā€” the worldā€™s most advanced AI models ā€” hinges on this question: Who do we want to control AIā€™s nuclear codes? Big Tech CEOs answering to a few billionaire shareholders, or the government of the United States, answering to its citizens? ### šŸ‘„ Humane AI Commission - The author proposes the creation of a Humane AI Commission, run by AI experts, to steer and control AI technology in alignment with human interests. ### āš ļø Risks of AI - AI's rapid advancement and lack of transparency pose risks such as unpredictable behavior, potential damage to power generation, financial markets, and public health, and the potential for AI to move beyond human control. ### āš–ļø AI Regulation - The article calls for federal regulation of AI, but emphasizes the limitations of traditional regulation in addressing the fast-evolving nature of AI and the need for a larger-scale approach like nationalization.
### Summary The rapid advancement of artificial intelligence (AI) presents both beneficial possibilities and concerning risks, as experts warn about potential negative impacts including the threat of extinction. Government and industry efforts are being made to manage these risks and regulate AI technology, while also addressing concerns about misinformation, bias, and the need for societal literacy in understanding AI. ### Facts - The use of AI is rapidly growing in various areas such as health care, the workplace, education, arts, and entertainment. - The Center for AI Safety (CAIS) issued a warning signed by hundreds of individuals, including tech industry leaders and scientists, about the need to prioritize mitigating the risks of AI alongside global-scale dangers like pandemics and nuclear war. - CEO of OpenAI, Sam Altman, expressed both the benefits and concerns associated with AI technology, emphasizing the need for serious consideration of its risks. - Some experts believe that the warnings about potential risks from AI are more long-term scenarios rather than immediate doomsday situations, and caution against the hype surrounding AI. - The National Council of State Legislatures is working on regulating AI at the state level, with several states already introducing AI bills and forming advisory groups. - State legislators aim to define responsible AI utilization by governments and protect constituents engaging with AI in the private sector. - The federal government is establishing National Artificial Intelligence Research Institutes to invest in long-term AI research. - Misinformation and disinformation are concerns related to AI, as certain AI algorithms can generate biased and inaccurate information. - OpenAI acknowledges the potential for AI tools to contribute to disinformation campaigns and is collaborating with researchers and industry peers to address this issue. - The NCSL report highlights the need for policymakers to understand the programming decisions behind AI systems and their potential impact on citizens. - Society lacks the ability and literacy to distinguish truth from false information, leading to the proliferation and belief in generative misinformation. ### šŸ¤– AI - The use of artificial intelligence is rapidly advancing across various fields. - Concerns have been raised about the potential risks and negative impacts of AI. - Government and industry efforts are underway to manage AI risks and regulate the technology. - Misinformation, bias, and the lack of societal literacy in understanding AI are additional challenges.
### Summary The California Legislature has unanimously approved an artificial intelligence-drafted resolution to examine and implement regulations on AI use. ### Facts - šŸ’» Senate Concurrent Resolution 17 (SCR 17) was introduced by state Sen. Bill Dodd and is the first AI-drafted resolution in the U.S. - šŸ’” The resolution aims to ensure responsible AI deployment and use, protecting public rights while leveraging AI benefits. - āŒ Challenges posed by AI-driven technology include unauthorized data collection and sharing. - āœ… Potential benefits of AI highlighted in the resolution include increased efficiency in agriculture and revolutionary data analysis for industries.
Seven leading AI development firms have voluntarily agreed to comply with best practices to ensure the safety, security, and trustworthiness of AI technology, as announced at the White House. The Federal Reserve has also raised concerns about the potential risks posed by quantum computers and AI to the US financial system. Additionally, a disagreement among judges has arisen in the ruling of an SEC enforcement action, and the SEC has proposed rules for digital engagement practices and "robo-adviser" registration. The Depository Trust & Clearing Corporation (DTCC) has announced the wind down of its Global Markets Entity Identifier business, and the enforcement of the California Privacy Rights Act of 2020 has been delayed until March 2024. Finally, Texas has implemented comprehensive privacy legislation through the Texas Data Privacy and Securities Act.
Regulating artificial intelligence (AI) should be based on real market failures and a thorough cost-benefit analysis, as over-regulating AI could hinder its potential benefits and put the US at a disadvantage in the global race for AI leadership.
Senate Majority Leader Chuck Schumer is hosting an "Insight Forum" on artificial intelligence (AI) with top tech executives, including Elon Musk and Mark Zuckerberg, to discuss regulation of the AI industry.
Senate Majority Leader Chuck Schumer's upcoming AI summit in Washington D.C. will include key figures from Hollywood and Silicon Valley, indicating the growing threat that AI poses to the entertainment industry and the ongoing strikes in Hollywood. The event aims to establish a framework for regulating AI, but forming legislation will take time and involve multiple forums.
The UK government has been urged to introduce new legislation to regulate artificial intelligence (AI) in order to keep up with the European Union (EU) and the United States, as the EU advances with the AI Act and US policymakers publish frameworks for AI regulations. The government's current regulatory approach risks lagging behind the fast pace of AI development, according to a report by the science, innovation, and technology committee. The report highlights 12 governance challenges, including bias in AI systems and the production of deepfake material, that need to be addressed in order to guide the upcoming global AI safety summit at Bletchley Park.
Companies are increasingly exploring the use of artificial intelligence (AI) in various areas such as sales/marketing, product development, and legal, but boards and board committees often lack explicit responsibility for AI oversight, according to a survey of members of the Society for Corporate Governance.
AI is being discussed by CEOs behind closed doors as a solution to various challenges, including cybersecurity, shopping efficiency, and video conferencing.
Tech industry lobbyists are turning their attention to state capitals in order to influence AI legislation and prevent the imposition of stricter rules across the nation, as states often act faster than Congress when it comes to tech issues; consumer advocates are concerned about the industry's dominance in shaping AI policy discussions.
Congressman Clay Higgins (R-LA) plans to introduce legislation prohibiting the use of artificial intelligence (AI) by the federal government for law enforcement purposes, in response to the Internal Revenue Service's recently announced AI-driven tax enforcement initiative.
Congress is holding its first-ever meeting on artificial intelligence, with prominent tech leaders like Elon Musk, Mark Zuckerberg, and Bill Gates attending to discuss regulation of the fast-moving technology and its potential risks and benefits.
Eight big tech companies, including Adobe, IBM, Salesforce, and Nvidia, have pledged to conduct more testing and research on the risks of artificial intelligence (AI) in a meeting with White House officials, signaling a "bridge" to future government action on the issue. These voluntary commitments come amidst congressional scrutiny and ongoing efforts by the White House to develop policies for AI.
Senators Richard Blumenthal and Josh Hawley are holding a hearing to discuss legislation on regulating artificial intelligence (AI), with a focus on protecting against potential dangers posed by AI and improving transparency and public trust in AI companies. The bipartisan legislation framework includes creating an independent oversight body, clarifying legal liability for AI harms, and requiring companies to disclose when users are interacting with AI models or systems. The hearing comes ahead of a major AI Insight Forum, where top tech executives will provide insights to all 100 senators.
China's targeted and iterative approach to regulating artificial intelligence (AI) could provide valuable lessons for the United States, despite ideological differences, as the U.S. Congress grapples with comprehensive AI legislation covering various issues like national security, job impact, and democratic values. Learning from China's regulatory structure and process can help U.S. policymakers respond more effectively to the challenges posed by AI.
The CEOs of several influential tech companies, including Google, IBM, Microsoft, and OpenAI, will meet with federal lawmakers as the US Senate prepares to draft legislation regulating the AI industry, reflecting policymakers' growing awareness of the potential disruptions and risks associated with AI technology.
California Senator Scott Wiener is introducing a bill to regulate artificial intelligence (AI) in the state, aiming to establish transparency requirements, legal liability, and security measures for advanced AI systems. The bill also proposes setting up a state research cloud called "CalCompute" to support AI development outside of big industry.
Tech tycoons such as Elon Musk, Mark Zuckerberg, and Bill Gates meet with senators on Capitol Hill to discuss the regulation of artificial intelligence, with Musk warning that AI poses a "civilizational risk" and others emphasizing the need for immigration and standards reforms.
Tesla CEO Elon Musk called for the creation of a federal department of AI, expressing concerns over the potential harm of unchecked artificial intelligence during a Capitol Hill summit.
The nation's top tech executives, including Elon Musk, Mark Zuckerberg, and Sundar Pichai, showed support for government regulations on artificial intelligence during a closed-door meeting in the U.S. Senate, although there is little consensus on what those regulations should entail and the political path for legislation remains challenging.
Brazil's Senate has established a work plan to discuss and analyze a bill aimed at regulating artificial intelligence (AI) in the country, with a series of public hearings and a comprehensive assessment to be completed within 120 days.
US Senator Chuck Schumer's "AI Insight Forum" on potential AI regulation faced criticism for having a heavily corporate guest list of CEOs and lacking technical expertise and diversity, with concerns raised about the understanding of AI and its impact on society.
The AI industry should learn from the regulatory challenges faced by the crypto industry and take a proactive approach in building relationships with lawmakers, highlighting the benefits of AI technology, and winning public support through campaigns in key congressional districts and states.
A Senate subcommittee convened to discuss the need for greater accountability and transparency in the development and deployment of AI to ensure responsible adoption and use, with recommendations including standardized documentation, content labeling, and an AI trust infrastructure.
A closed-door meeting between US senators and tech industry leaders on AI regulation has sparked debate over the role of corporate leaders in policymaking.
A bipartisan group of senators is expected to introduce legislation to create a government agency to regulate AI and require AI models to obtain a license before deployment, a move that some leading technology companies have supported; however, critics argue that licensing regimes and a new AI regulator could hinder innovation and concentrate power among existing players, similar to the undesirable economic consequences seen in Europe.
The Subcommittee on Cybersecurity, Information Technology, and Government Innovation discussed the federal government's use of artificial intelligence (AI) and emphasized the need for responsible governance, oversight, and accountability to mitigate risks and protect civil liberties and privacy rights.
Artificial intelligence (AI) requires leadership from business executives and a dedicated and diverse AI team to ensure effective implementation and governance, with roles focusing on ethics, legal, security, and training data quality becoming increasingly important.
A new poll reveals that 63% of American voters believe regulation should actively prevent the development of superintelligent AI, challenging the assumption that artificial general intelligence (AGI) should exist. The public is increasingly questioning the potential risks and costs associated with AGI, highlighting the need for democratic input and oversight in the development of transformative technologies.
Pennsylvania state government is preparing to use artificial intelligence in its operations and is taking steps to understand and regulate its impact, including the formation of an AI governing board and the development of training programs for state employees.
Artificial intelligence (AI) is being seen as a way to revive dealmaking on Wall Street, as the technology becomes integrated into products and services, leading to an increase in IPOs and mergers and acquisitions by AI and tech companies.
Artificial intelligence has become a prominent topic at the UN General Assembly as governments and industry leaders discuss the need for regulation to mitigate risks and maximize benefits, with the United Nations set to launch an AI advisory board this fall.
Artificial intelligence (AI) has the potential to facilitate deceptive practices such as deepfake videos and misleading ads, posing a threat to American democracy, according to experts who testified before the U.S. Senate Rules Committee.
Sen. Mark Warner, a U.S. Senator from Virginia, is urging Congress to take a less ambitious approach to regulating artificial intelligence (AI), suggesting that lawmakers should focus on narrowly focused issues rather than trying to address the full spectrum of AI risks with a single comprehensive law. Warner believes that tackling immediate concerns, such as AI-generated deepfakes, is a more realistic and effective approach to regulation. He also emphasizes the need for bipartisan agreement and action to demonstrate progress in the regulation of AI, especially given Congress's previous failures in addressing issues related to social media.
The European Central Bank is exploring the use of artificial intelligence to better understand inflation, support oversight of big banks, and assist with policy and decision-making, although decisions still ultimately rest in the hands of human policymakers.
Lawmakers must adopt a nuanced understanding of AI and consider the real-world implications and consequences instead of relying on extreme speculations and the influence of corporate voices.
AI leaders including Alphabet CEO Sundar Pichai, Microsoft president Brad Smith, and OpenAI's Sam Altman are supporting AI regulation to ensure investment security, unified rules, and a role in shaping legislation, as regulations also benefit consumers by ensuring safety, cracking down on scams and discrimination, and eliminating bias.
Artificial intelligence (AI) has the potential to disrupt industries and requires the attention of boards of directors to consider the strategic implications, risks, compliance, and governance issues associated with its use.