The U.S. is trying to become the first nation with systematic AI laws. The question is, will tech CEOs in the United States allow this to happen?
Will Tech CEOs Allow US to Be First Country With AI Laws?
A visitor watches an AI (Artificial Intelligence) sign on an animated screen at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona.
As of writing, the U.S. government is making efforts to formulate a codified set of artificial intelligence regulations.
However, Firstpost reported that thought-leaders of AI have different plans.
Specifically, tech executives, such as Sam Altman (OpenAI), Sundar Pichai (Google), Mark Zuckerberg (Meta), and other tech leaders are expecting regulatory leniency from the government.
Before 2023 ends, a major meeting with these AI thought leaders is expected to happen. The U.S. Senate Majority Leader Chuck Schumer confirmed that they are planning to meet with prominent figures from the tech sector.
The gathering, which has been labeled as the "AI Insight Forum," will aim to acquire insights from tech CEOs, which the U.S. government can use to shape the needed AI laws.
Aside from tech leaders, the meeting will also invite civil rights and labor leaders, such as AFL-CIO President Liz Schuler.
Experts claim that the AI Insight forum could lead to an impending regulatory action.
However, since the majority of the participants are from the tech industry, the effectiveness of the gathering is being questioned.
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EU Overtakes US in Regulating AI
Samuel Altman, CEO of OpenAI, appears for testimony before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law on May 16, 2023, in Washington, DC. The committee held an oversight hearing to examine A.I., focusing on rules for artificial intelligence.
According to The Guardian, the European Union is one step ahead when it comes to regulating artificial intelligence.
EU has been working on regulation around AI-related issues. Meanwhile, the United States' regulatory process is just beginning.
Compared to the U.S., AI discussions in the EU are more advanced. CNBC reported that the European Parliament already approved the bloc's landmark rules for AI called the EU AI Act.
This new law is the first formal AI regulation in the West. Under this law, AI tools, such as ChatGPT, are required to follow restrictions.
Aside from this, generative AI developers are also required to send their systems to the EU before they can commercially release them.
Workday's public policy senior director, Jens-Henrik Jeppesen, explained that the AI Act was established to create safeguards for AI developments.
Jeppesen explained that the EU's new law will ensure that they can have an innovation-friendly environment for artificial intelligence tools so that society can benefit from them with fewer risks.
These are just some of the restrictions imposed by the EU AI Act. If you want to learn more about this first-of-its-kind law, you can click here.
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