Excitement over generative artificial intelligence and its potential to revolutionize the U.S. economy has swept through corporate boardrooms, and lawmakers in Washington are taking notice.
“Our world is already changing in dramatic ways because of artificial intelligence, but we’re likely just at the start,” Schumer said last week, adding that he hoped the forum will “supercharge” work on AI-related regulations. “AI execs are playing rope-a-dope with lawmakers, asking them to please regulate us,” Tom Siebel, chief executive of C3.ai Inc. AI, +0.64%, said in an interview. “But there is not enough money and intellectual capital to ensure millions of algorithms are safe. They know it is impossible.”
On the whole, Singh says she’s excited by the bipartisan approach to the meeting, though she yearns for more input from smaller companies. “These forums are generally led by Big Tech,” she said in an interview. “We need more feedback from smaller companies and the impact on innovation.” In remarks on the Senate floor, Schumer said that making laws that apply to AI “will be one of the most difficult things we’ve ever undertaken.” But, he said, “we cannot behave like ostriches sticking our heads in the sand when it comes to AI.”
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