AI executives may be exaggerating the dangers of artificial intelligence in order to advance their own interests, according to an analysis of responses to proposed AI regulations.
A new poll conducted by the AI Policy Institute reveals that 72 percent of American voters want to slow down the development of AI, signaling a divergence between elite opinion and public opinion on the technology. Additionally, the poll shows that 82 percent of American voters do not trust AI companies to self-regulate. To address these concerns, the AI Now Institute has proposed a framework called "Zero Trust AI Governance," which calls for lawmakers to vigorously enforce existing laws, establish bold and easily administrable rules, and place the burden of proof on companies to demonstrate the safety of their AI systems.
AI-generated inventions need to be allowed patent protection to encourage innovation and maximize social benefits, as current laws hinder progress in biomedicine; jurisdictions around the world have differing approaches to patenting AI-generated inventions, and the US falls behind in this area, highlighting the need for legislative action.
Artificial intelligence (AI) has the potential to deliver significant productivity gains, but its current adoption may further consolidate the dominance of Big Tech companies, raising concerns among antitrust authorities.
The use of AI algorithms by insurance companies to assess claims is raising concerns about potential bias and lack of human oversight, leading Pennsylvania legislators to propose legislation that would regulate the use of AI in claims processing.
Investors should consider buying strong, wide-moat companies like Alphabet, Amazon, or Microsoft instead of niche AI companies, as the biggest beneficiaries of AI may be those that use and benefit from the technology rather than those directly involved in producing AI products and services.
In his book, Tom Kemp argues for the need to regulate AI and suggests measures such as AI impact assessments, AI certifications, codes of conduct, and industry standards to protect consumers and ensure AI's positive impact on society.
Artificial intelligence (AI) is likely to subtract jobs without producing new ones, with evidence suggesting that jobs will disappear rather than be replaced, according to experts, and regulation should only be considered once AI is controllable.
The increasing investment in generative AI and its disruptive impact on various industries has brought the need for regulation to the forefront, with technologists and regulators recognizing the importance of ensuring safer technological applications, but differing on the scope of regulation needed. However, it is argued that existing frameworks and standards, similar to those applied to the internet, can be adapted to regulate AI and protect consumer interests without stifling innovation.
Artificial intelligence should be controlled by humans to prevent its weaponization and ensure safety measures are in place, according to Microsoft's president Brad Smith. He stressed the need for regulations and laws to govern AI, comparing it to other technologies that have required safety breaks and human oversight. Additionally, Smith emphasized that AI is a tool to assist humans, not to replace them, and that it can help individuals think more efficiently.
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.
UK's plan to lead in AI regulation is at risk of being overtaken by the EU unless a new law is introduced in November, warns the Commons Technology Committee, highlighting the need for legislation to avoid being left behind.
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.
Artificial intelligence regulation varies across countries, with Brazil focusing on user rights and risk assessments, China emphasizing "true and accurate" content generation, the EU categorizing AI into three risk levels, Israel promoting responsible innovation and self-regulation, Italy allocating funds for worker support, Japan adopting a wait-and-see approach, and the UAE prioritizing AI development and integration.
Nvidia's processors could be used as a leverage for the US to impose its regulations on AI globally, according to Mustafa Suleyman, co-founder of DeepMind and Inflection AI. However, Washington is lagging behind Europe and China in terms of AI regulation.
The rapid advancement of AI technology poses significant challenges for democratic societies, including the need for nuanced debates, public engagement, and ethical considerations in regulating AI to mitigate unintended consequences.
A survey of 213 computer science professors suggests that a new federal agency should be created in the United States to govern artificial intelligence (AI), while the majority of respondents believe that AI will be capable of performing less than 20% of tasks currently done by humans.
Mustafa Suleyman, CEO of Inflection AI, argues that restricting the sale of AI technologies and appointing a cabinet-level regulator are necessary steps to combat the negative effects of artificial intelligence and prevent misuse.
The Supreme Court's "major questions doctrine" could hinder the regulation of artificial intelligence (AI) by expert agencies, potentially freezing investments and depriving funding from AI platforms that adhere to higher standards, creating uncertainty and hindering progress in the field.
The market for foundation models in artificial intelligence (AI) exhibits a tendency towards market concentration, which raises concerns about competition policy and potential monopolies, but also allows for better internalization of safety risks; regulators should adopt a two-pronged strategy to ensure contestability and regulation of producers to maintain competition and protect users.
The lack of regulation surrounding artificial intelligence in healthcare is a significant threat, according to the World Health Organization's European regional director, who highlights the need for positive regulation to prevent harm while harnessing AI's potential.
The rivalry between the US and China over artificial intelligence (AI) is intensifying as both countries compete for dominance in the emerging field, but experts suggest that cooperation on certain issues is necessary to prevent conflicts and ensure global governance of AI. While tensions remain high and trust is lacking, potential areas of cooperation include AI safety and regulations. However, failure to cooperate could increase the risk of armed conflict and hinder the exploration and governance of AI.
Using AI to streamline operational costs can lead to the creation of AI-powered business units that deliver projects at faster speeds, and by following specific steps and being clear with tasks, businesses can successfully leverage AI as a valuable team member and save time and expenses.
Countries around the world, including Australia, China, the European Union, France, G7 nations, Ireland, Israel, Italy, Japan, Spain, the UK, the UN, and the US, are taking various steps to regulate artificial intelligence (AI) technologies and address concerns related to privacy, security, competition, and governance.
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.
AI has the potential to fundamentally change governments and society, with AI-powered companies and individuals usurping traditional institutions and creating a new world order, warns economist Samuel Hammond. Traditional governments may struggle to regulate AI and keep pace with its advancements, potentially leading to a loss of global power for these governments.
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.
Artificial Intelligence poses real threats due to its newness and rawness, such as ethical challenges, regulatory and legal challenges, bias and fairness issues, lack of transparency, privacy concerns, safety and security risks, energy consumption, data privacy and ownership, job loss or displacement, explainability problems, and managing hype and expectations.
Tesla CEO Elon Musk suggests the need for government regulation of artificial intelligence, even proposing the creation of a Department of AI, during a gathering of tech CEOs in Washington. Senate Majority Leader Chuck Schumer and other attendees also expressed the view that government should play a role in regulating AI. The options for regulation range from a standalone department to leveraging existing agencies, but the debate is expected to continue in the coming months.
Artificial intelligence (AI) will be highly beneficial for executives aiming to save money in various sectors such as banking, insurance, and healthcare, as it enables efficient operations, more accurate data usage, and improved decision-making.
The UK government is showing increased concern about the potential risks of artificial intelligence (AI) and the influence of the "Effective Altruism" (EA) movement, which warns of the existential dangers of super-intelligent AI and advocates for long-term policy planning; critics argue that the focus on future risks distracts from the real ethical challenges of AI in the present and raises concerns of regulatory capture by vested interests.
Spain has established Europe's first artificial intelligence (AI) policy task force, the Spanish Agency for the Supervision of Artificial Intelligence (AESIA), to determine laws and provide a framework for the development and implementation of AI technology in the country. Many governments are uncertain about how to regulate AI, balancing its potential benefits with fears of abuse and misuse.
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.
The UK's competition watchdog has warned against assuming a positive outcome from the boom in artificial intelligence, citing risks such as false information, fraud, and high prices, as well as the domination of the market by a few players. The watchdog emphasized the potential for negative consequences if AI development undermines consumer trust or concentrates power in the hands of a few companies.
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.
The geography of AI, particularly the distribution of compute power and data centers, is becoming increasingly important in global economic and geopolitical competition, raising concerns about issues such as data privacy, national security, and the dominance of tech giants like Amazon. Policy interventions and accountability for AI models are being urged to address the potential harms and issues associated with rapid technological advancements. The UK's Competition and Markets Authority has also warned about the risks of industry consolidation and the potential harm to consumers if a few firms gain market power in the AI sector.
Governments worldwide are grappling with the challenge of regulating artificial intelligence (AI) technologies, as countries like Australia, Britain, China, the European Union, France, G7 nations, Ireland, Israel, Italy, Japan, Spain, the United Nations, and the United States take steps to establish regulations and guidelines for AI usage.
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.
China's new artificial intelligence (AI) rules, which are among the strictest in the world, have been watered down and are not being strictly enforced, potentially impacting the country's technological competition with the U.S. and influencing AI policy globally; if maximally enforced, the regulations could pose challenges for Chinese AI developers to comply with, while relaxed enforcement and regulatory leniency may still allow Chinese tech firms to remain competitive.
While many experts are concerned about the existential risks posed by AI, Mustafa Suleyman, cofounder of DeepMind, believes that the focus should be on more practical issues like regulation, privacy, bias, and online moderation. He is confident that governments can effectively regulate AI by applying successful frameworks from past technologies, although critics argue that current internet regulations are flawed and insufficiently hold big tech companies accountable. Suleyman emphasizes the importance of limiting AI's ability to improve itself and establishing clear boundaries and oversight to ensure enforceable laws. Several governments, including the European Union and China, are already working on AI regulations.
Wikipedia founder Jimmy Wales believes that regulating artificial intelligence (AI) is not feasible and compares the idea to "magical thinking," stating that many politicians lack a strong understanding of AI and its potential. While the UN is establishing a panel to investigate global regulation of AI, some experts, including physicist Reinhard Scholl, emphasize the need for regulation to prevent the misuse of AI by bad actors, while others, like Robert Opp, suggest forming a regulatory body similar to the International Civil Aviation Organisation. However, Wales argues that regulating individual developers using freely available AI software is impractical.
The U.S. government must establish regulations and enforce standards to ensure the safety and security of artificial intelligence (AI) development, including requiring developers to demonstrate the safety of their systems before deployment, according to Anthony Aguirre, the executive director and secretary of the board at the Future of Life Institute.
