U.S. Chamber of Commerce Report Calls for AI Regulation – TipRanks
While Microsoft (MSFT) / OpenAI’s ChatGPT is taking the world by storm and is racking up users quickly, a report by the U.S. Chamber of Commerce has called for regulation of artificial intelligence (AI.) This report called out the rising importance of AI and estimates that AI is likely to result in increasing global GDP by $13 trillion by the end of the decade.
However, the report has pointed out that AI is likely to have a far-reaching impact on areas such as national security and privacy, making regulating it necessary. The report stated, “A failure to regulate AI will harm the economy, potentially diminish individual rights, and constrain the development and introduction of beneficial technologies.”
However, the report did outline an important caveat, “Rather than trying to develop a one size-fits-all regulatory framework, this approach to AI regulation allows for the development of flexible, industry-specific guidance and best practices.”
There have also been reports that the…
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source: https://news.oneseocompany.com/2023/03/09/us-chamber-of-commerce-report-calls-for-ai-regulation-tipranks_2023030941742.html
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