AI must be regulated to avoid harming growth and national security risks, says US Chamber of Commerce

The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not harm growth or become a national security risk, a break from the anti- regulation typical of the corporate lobby.

Although there are few legislative proposals for AI, the growing artificial intelligence program ChatGPT, which has won praise for its ability to quickly draft answers to a wide range of questions, has raised concerns. concerns of US lawmakers about its impact on national security and education.

The House report says policymakers and business leaders must quickly step up efforts to establish a “risk-based regulatory framework” that will ensure AI is deployed responsibly.

He added that AI is expected to add $13 trillion (about Rs 1,06,700 crore) to global economic growth by 2030 and has made important contributions such as alleviating food nurses and mapping wildfires to expedite the response of emergency management officials. The report highlighted the need to be prepared for the impending ubiquity of technology and the potential dangers.

The report claims that within 20 years, “virtually all” businesses and government agencies will be using AI.

The product of a commission on artificial intelligence the House created last year, the report is in part an acknowledgment of the critical role the business community will play in deploying and managing AI, the report said. Bedroom.

While calling for more regulation, the Chamber is careful to caution that there can be broad exceptions to how regulation is enforced.

“Rather than trying to develop a single regulatory framework, this approach to AI regulation allows for the development of flexible, industry-specific guidance and best practices,” the report says.

© Thomson Reuters 2023