The US Chamber of Commerce Urges Regulation on AI

Chamber of Commerce
The United States Chamber of Commerce in Washington D.C.

The U.S. Chamber of Commerce has today released a report pushing for the regulation of artificial intelligence (AI) technology.

The business lobby traditionally has an anti-regulatory stance but has expressed concern that failure to take action on the AI industry could “harm the economy, potentially diminish individual rights, and constrain the development and introduction of beneficial technologies.”

The Chamber offers little in the way of specifics of what the regulation should be, but did stress a “risk-based approach.”

It added that AI is projected to add $13 trillion to global economic growth by 2030 and that it has made important contributions already such as easing hospital nursing shortages and mapping wildfires to speed emergency management officials’ response.

However, the report also emphasized the need to be ready for the technology’s looming ubiquity and potential danger since it argues that “virtually every” business and government agency will be using AI within 20 years.

“AI presents unique challenges from national security implications to privacy concerns to ensuring that harmful biases are not hardwired into the next generation of technological systems to potential large scale job disruptions,” says co-chairman of the AI Commission and former U.S. Representative John Delaney (D-MD). 

“We must address these issues in a clear-eyed fashion, harness the enormous economic and quality of life potential that can flow from AI innovation and protect the rights of all Americans. This will require close coordination and collaboration between government and industry.” 

What are the Concerns Surrounding AI?

PetaPixel has been reporting on the misuse of deepfake technology, such as sexually suggestive ads of Emma Watson running on Facebook and Instagram.

There is also the question of how AI image generators were trained with photographers taking issue with their work being used to train models such as DALL-E and Midjourney. As noted by Gizmodo, this week the website Have I Been Trained? announced that 78 million artworks have been removed from training datasets because of requests by artists.

There is currently no AI regulation in the United States and there is no bill making its way through Congress to curb AI’s excesses.

Image credits:AgnosticPreachersKid at English Wikipedia.