Fun

Boosting AI: Senators propose $32B investment plan for US tech growth

News Feed - 2024-05-16 04:05:24

Amaka Nwaokocha1 hour agoBoosting AI: Senators propose $32B investment plan for US tech growthAfter months of meetings with industry experts and AI critics, four U.S. senators published what they say is a comprehensive roadmap for maintaining U.S. leadership in AI development.450 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA bipartisan group of four senators led by United States Senate Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safeguards around it.


The roadmap is another effort by the U.S. government to regulate and promote AI development. It comes six days after legislators in the U.S. unveiled a bipartisan bill to aid President Joe Biden’s administration inimposing export controls on top AI models created in the country.


After months of meetings with industry experts and AI critics, the bipartisan working group identified the importance of AI investments to keep the U.S. competitive with its rivals abroad and improve Americans’ quality of life — supporting technology that could help cure some cancers or chronic illnesses.


While the roadmap doesn’t constitute a concrete bill or policy proposal, it provides a glimpse into the scope and magnitude of what lawmakers and relevant parties envision for future AI legislation, setting the stage for more comprehensive and detailed policies to come.


The senators’ proposal also calls for enforcing “existing laws for AI,” including addressing any gaps or unintended harmful bias, prioritizing the development of standards for testing to understand potential AI harms, and developing use case-specific requirements for AI transparency and explainability.


The group also recommended new requirements for transparency as AI products are rolled out and that studies be conducted into the potential impact of AI on jobs and the U.S. workforce.


Related:OpenAI co-founder and chief scientist departs AI firm


The AI Working Group is not pioneering the effort to regulate the rapid progress of generative AI (genAI) and general AI development and adoption. In February, the National Institute of Standards and Technology formed the AI Safety Institute Consortium, which brought together over 200 organizations to establish safety guidelines for AI systems.


According to experts, the U.S. is lagging behind several other countries, including the European Union, which has taken a significant lead in regulating AI. In March, the EU established a comprehensive new law governing AI across its 27 member states, putting pressure on the U.S. to catch up.


The law created safeguards for general-purpose AI, limited law enforcement’s use of biometric identification systems, banned online social scoring and AI manipulation or exploiting user vulnerabilities, and gave consumers the right to launch complaints and get “meaningful explanations” from AI providers.


Magazine:How to stop the artificial intelligence apocalypse: David Brin, Uplift author# Government# Technology# AI# RegulationAdd reaction

News Feed

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations Coinbase has agreed to pay a $100 million settlement with the New
East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind
East Asia Dominates World"s Onchain Crypto Activity, Europe and North America Trail BehindCrypto activity continues to flourish worldwide, according to a new cryptocurrency adoption
Arijit Sarkar14 hours agoFTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial startsWhile the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $19
CoinTracking Launches Two Powerful, Free Plug-ins for Crypto Traders 
CoinTracking Launches Two Powerful, Free Plug-ins for Crypto Traders Though the top cryptocurrency exchanges offer charts, many don’t offer the analytical features crypto tra
Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion
Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion The price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT)
Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Derek Andersen3 hours agoAnimoca, Standard Chartered team up in HKMA stablecoin sandboxThe Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox.1028 Total views2 Total
Binance exec remains in jail as bail appeal fails again
Amaka Nwaokocha1 hour agoBinance exec remains in jail as bail appeal fails againGambaryan’s lawyer, Mark Mordi, criticized the prosecution for failing to file a response to the additional affidavit submitted with his b
Chainlink Price Hits $30 For The First Time Since 2022 — What Next?
Este artículo también está disponible en español. The Chainlink price has been on quite a run in the past few months, but so has the entire cryptocurrency market. While t
Tom Mitchelhill3 hours agoBitcoin bull run incoming: Binance CEO Changpeng Zhao reveals whenBinance CEO Changpeng Zhao delivered his forecast for the next Bitcoin bull run during a Twitter Space on July 5.6941 Total view
JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success
JP Morgan Sees Millennials" Bitcoin Preference Over Gold as Foundation for Its Long Term Success JP Morgan says bitcoin’s 2020 surge is set to continue as
Bitpapa Enters Kenyan Cryptocurrency Market
Bitpapa Enters Kenyan Cryptocurrency Market press release PRESS RELEASE.In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces
Argentine government passes registration requirements for crypto firms
Turner Wright3 hours agoArgentine government passes registration requirements for crypto firmsComisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not