Calling the rapid growth of artificial intelligence tools a “moment of revolution,” Senate Majority Leader Chuck Schumer said Wednesday that the government must act quickly to regulate companies that are developing it.
The New York Democrat said he is working on what he calls “exceedingly ambitious” bipartisan legislation to maximize the technology’s benefits and mitigate significant risks.
“If applied correctly, AI promises to transform life on Earth for the better,” Schumer said. “It will reshape how we fight disease, tackle hunger, manage our lives, enrich our minds and ensure peace. But there are real dangers that present themselves as well: job displacement, misinformation, a new age of weaponry and the risk of being unable to manage this new technology altogether.”
Worries about artificial intelligence systems outsmarting humans and running wild have intensified in recent months with the rise of a new generation of highly capable AI chatbots such as ChatGPT. It has sent countries around the world scrambling to come up with regulations for the developing technology, with the European Union blazing the trail with its AI Act expected to be approved later this year.
White House chief of staff Jeff Zients’ office is developing a set of actions the federal government can take over the coming weeks regarding AI, according to the White House.
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