Senators Propose $32 Billion AI Investment to Boost US Competitiveness, Uphold Safeguards
Summary:
A bipartisan group of senators, led by Majority Leader Chuck Schumer, is recommending Congress invest a minimum of $32 billion over the next three years to advance and establish safeguards for artificial intelligence (AI). This comes after U.S. legislators presented a bipartisan bill to assist the Biden administration in enforcing export controls on domestically developed AI models. These measures aim to keep the U.S. competitive internationally and improve the quality of life for Americans. The group also recommends enforcing existing AI laws, developing standards for testing potential AI harms, and requiring transparency in AI use. The proposed investment follows the establishment of comprehensive AI laws in the EU, pressuring the U.S. to enact similar regulation.
In a push to advance artificial intelligence (AI) and establish protective measures concerning it, a group of four senators of mixed affiliations, chaired by Majority Leader Chuck Schumer, is advising that a minimum of $32 billion should be invested by Congress in the coming three years. This strategy forms part of the U.S. government's ongoing attempts to both regulate and endorse AI development.
The recommendation arrives merely six days post the disclosure of a cross-party bill by U.S. legislators intended to assist the Biden administration in the imposition of export controls on premier AI models domestically developed. This was the outcome of several months of consultations with industry professionals and AI skeptics, which emphasized the importance of AI investment for maintaining U.S. competitiveness internationally, as well as enhancing the lives of the American population. These investments could potentially contribute to technological breakthroughs in curing specific cancers or chronic diseases.
Although this strategy does not take the form of a tangible bill or policy suggestion, it gives an indication of the extent and potential of the envisioned AI legislation – effectively paving the way for more thorough and detailed policies set to emerge in the future.
The senators are also advocating the observance of "current laws for AI," and dealing with possible shortcomings or unintentional harmful bias. They propose the prioritization of standard-setting for testing as a means to assess potential AI risks and the establishment of context-specific prerequisites for AI clarity and interpretation.
Furthermore, they advise on new transparency protocols for AI products as they are introduced and recommend studies on the prospective effects of AI on employment and the American workforce.
While the AI Working Group is not the first to attempt regulation of rapidly progressing AI, including generative AI (genAI) and general AI, it follows in the footsteps of organizations like the AI Safety Institute Consortium (AISIC). AISIC, formed by NIST in February, brought together over 200 organizations to establish safety norms for AI systems.
According to AI professionals, the U.S is trailing several nations, including the European Union (EU), in AI regulation. The EU has taken a commanding lead, implementing a comprehensive new AI law across its 27 member countries in March, putting the U.S. under increased pressure to keep pace. This law established protections for general-purpose AI, restricted the use of biometric identification systems by law enforcement agencies, and prohibited online social scoring and manipulation or exploitation of user vulnerabilities by AI systems. Additionally, consumers were granted the right to lodge complaints and receive "meaningful explanations" from AI providers.
Published At
5/16/2024 10:42:24 AM
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