Schumer, D-N.Y., who is leading the forum with Republican Sen. Mike Rounds of South Dakota, won’t necessarily take the tech executives’ advice as he works with Republicans and fellow Democrats to try and ensure some oversight of the burgeoning sector. But he’s hoping that they will give senators some realistic direction as he tries to do what Congress hasn't done for many years — pass meaningful regulation of the tech industry.
“AI is not going away, and it can do some really good things or it can be a real challenge,” Rounds said. Many lawmakers point to the failure to pass any legislation surrounding social media — bills have stalled in both chambers that would better protect children, regulate activity around elections and mandate stricter privacy standards, among other measures.
Schumer says Wednesday’s forum will focus on big ideas like whether the government should be involved at all, and what questions Congress should be asking. Each participant will have three minutes to speak on a topic of their choosing, and Schumer and Rounds will moderate open discussions among the group in the morning and afternoon.
A recent report from the market research group Forrester projected that generative AI technology could replace 2.4 million jobs in the U.S. by 2030, many of them white-collar roles not affected by previous waves of automation. This year alone the number of lost jobs could total 90,000, the report said, though far more jobs will be reshaped than eliminated.
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