Should Congress really be asking top tech CEOs how best to regulate their industry?
AI has undeniably become a buzzword. We've seen hundreds of billions of dollars poured into AI efforts and the word"AI" dominating earnings calls this year. While large technology companies are investing heavily in AI to boost revenue and market control, the general public worries about its larger impact and harm on humanity. Issues like job displacement, ethics, privacy, and security concerns still lack comprehensive solutions or strategies.
The primary issue lies in the conflicted interest of the invited technology companies. While they say they want to be regulated so that the systems benefit the growth of society, they have the most to gain from creating regulation that benefits their bottom line. These tech companies now have massive influence over regulation and a lack of objectivity on the issue.
Another challenge is the general lack of expertise in Congress regarding AI. It is impossible for members who have to divvy their time up to hundreds of different pressing issues to be experts in one thing, not to mention the fact that they want to be popular in order to get reelected. The knowledge gap makes them susceptible to undue influence from experts as they lack in-depth understanding required to form independent opinions.
What I would recommend is an impartial committee of AI experts and researchers who can prioritize ethics without having anything to gain financially. Take the best AI ethics researchers and engineers who build the systems, as well as humanitarians, and have them meet with lawmakers. Prioritize diversity of background and skill set. Require that no person can participate if they currently work at a company that seeks to gain from their involvement.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grandparent childcare may not help the wellbeing of mums or reduce mother-child conflict, study suggestsGrandparent childcare for toddlers doesn’t have an impact on the wellbeing of their mothers, a new study suggests.
Read more »
Fed may have to raise interest rates once more this year, Mester saysThe president of the Cleveland Fed said Monday the central bank 'may well need to raise' interest rates once more this year and then keep rates high 'for...
Read more »
WeWork to skip some $95 million in interest payments to talk with lendersWeWork Inc. said late Monday it was skipping some interest payments so it can discuss its options with its lenders and preserve some of its liquidity.
Read more »
RBA holds interest rate at 4.10% in October, as expectedThe Reserve Bank of Australia (RBA) is on track to keep its key interest rate unchanged for the fourth straight time on Tuesday, in a meeting that wil
Read more »
Hong Kong leads Asia-Pacific markets lower; Australia's central bank keeps interest rate unchangedHong Kong stocks fell over 3%, leading wider losses in the region as the Reserve Bank of Australia kept rates unchanged.
Read more »