Regulation

  • Regulation

    3 Obstacles to Regulating Generative AI

    Harvard Business Review, 10/31/23. Governments are taking steps to regulate generative AI in order to mitigate risks. However, these regulations may face challenges in their effectiveness. Three obstacles need to be overcome for successful regulation: the complexity of AI systems, the rapid pace of technological advancement, and the lack of international consensus on AI governance. Instead of solely focusing on regulations, it may be more effective to regulate the development processes of generative AI and embed laws within software systems. This would ensure compliance and accountability throughout the AI development lifecycle. READ THE ARTICLE

  • Regulation

    Op-ed: We cannot allow AI to make Big Tech even bigger, argues Steve Case

    CNBC, 10/24/23. In this article, Steve Case highlights the need for policymakers to focus not only on the risks of artificial intelligence (AI) but also on how the AI economy should be structured. Currently, most AI innovation is being driven by Big Tech companies due to the high costs of building large language models. This departure from the usual patterns of disruptive startups challenging incumbents may result in the big getting bigger and challengers struggling to gain traction. Case emphasizes the importance of maintaining an open-source AI model and ensuring that AI development is not limited to Silicon Valley. He advocates for ground rules that allow entrepreneurs from all regions to participate in and benefit from AI innovation, turning AI into a bridge that connects the entire tech world with the rest of America. READ THE ARTICLE

  • Regulation

    Sweeping new Biden order aims to alter the AI landscape

    Politico, 10/16/23. The White House has released a draft executive order on artificial intelligence (AI) that aims to impose national order on the rapidly growing technology. The order includes guidelines for federal agencies to influence the US market through their buying power and enforcement tools. It also addresses various aspects of AI, including cybersecurity, health, competition, privacy, immigration, microchip manufacturing, telecoms, education, housing, copyright, and labor. The order seeks to promote responsible AI use, protect privacy, enhance competition, and address potential risks and benefits. Agencies will have between 90 to 240 days to fulfill the requirements. READ THE ARTICLE

  • Regulation

    AI is going to change the world — but who will be leading that change?

    The Hill, 09/28/23. The rapid rise of artificial intelligence presents a critical juncture for society. Recent discussions in Washington, D.C., have centered on who should shape AI’s future: tech giants or government regulators. While AI offers transformative potential, it also poses significant risks. Striking the right balance between innovation and oversight is essential. Collaboration among experts, industry leaders, and policymakers is necessary to ensure responsible AI development. The United States must take a leading role in global AI regulation, as the stakes are high—AI can either improve lives or empower oppressive regimes. READ THE ARTICLE

  • Regulation

    Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI

    CNBC, 09/26/23. Barry Diller, media mogul and chair of IAC and Expedia, expressed his concerns about generative artificial intelligence (AI) and its impact on copyright law. Diller called for a redefinition of fair use to protect published material from being captured and used by AI. His remarks came after prominent authors sued OpenAI for copyright infringement and following the tentative labor deal between Hollywood writers and studios. Diller criticized the deal, stating that it failed to protect writers from AI. He disagreed with Sam Altman, CEO of OpenAI, on the interpretation of fair use. READ THE ARTICLE

  • Regulation

    Top GOP senator teams up with key Dem on ‘light-touch’ AI bill

    Politico, 09/21/23. The majority leader, Senator Schumer, believes that bipartisan action is necessary to fully harness the potential of AI and limit its risks. He has been examining the possibility of new AI rules and recently held closed-door meetings with tech leaders. However, some senators are growing impatient with the lengthy listening process and believe that guidelines for AI systems should be set promptly. Senator Klobuchar appreciates the leadership of Senator Thune in this matter and supports the need for standards in AI. Thune’s upcoming bill is expected to have a light-touch approach to AI governance, with companies being responsible for assessing the impact and safety of their AI systems. Thune and Klobuchar anticipate additional Senate cosponsors for the bill. READ THE ARTICLE

  • Regulation

    Harsh AI Regulation From Congress Imperils Innovation

    Reason, 09/18/23. Calls for a new agency to regulate AI and a licensing regime have been growing in Congress. However, these proposals could hinder American innovation and favor larger companies. Past licensing regimes have shown to be influenced by existing players, resulting in higher costs and excluding new and innovative players. Additionally, an AI regulator could interfere in every sector of the economy, raising concerns about the administrative state and agency capture. Instead of adding more regulation, policymakers should focus on existing laws and consider repealing or reforming statutes to address AI concerns. READ THE ARTICLE