AI rockets ahead in vacuum of U.S. regulation – Axios

The overnight success of ChatGPT is kicking off a tech-industry race to bake AI into everyday products and decision-making with little oversight from government.

Why it matters: ChatGPT’s uncanny ability to spit out stories, articles and recipes is heating up AI awareness and concerns, yet there’s almost no effective U.S. regulation of the technology in place, raising fears it could promote bias, misinformation, fraud and hate.

What they’re saying: “We can harness and regulate AI to create a more utopian society or risk having an unchecked, unregulated AI push us toward a more dystopian future,” Rep. Ted Lieu (D-Calif.), who recommends creating a government agency to oversee AI, wrote in a New York Times op-ed last week.

U.S. lawmakers have been talking about AI’s promise and perils for many years. But as with previous waves of tech innovation, products’ speed-to-market has far outstripped the government’s readiness to regulate.

• For every leader like Lieu that’s pushing for fast,…

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