Can Artificial Intelligence be regulated?
The year 2023 has seen increased global government scrutiny of AI technologies, spawning regulatory momentum. Take for example, G-7 countries’ statement on the Hiroshima AI process regarding adoption of a set of international Guiding Principles and Code of Conduct for organisations developing advanced AI Systems. While AI’s transformational potential is being acknowledged, there are legitimate questions that are being asked about the significant risks of AI, from the more alarmist AI posing an existential threat to humanity, to real societal harms such as biases, data privacy, discrimination, disinformation, meddling in democratic processes like elections, fraud, deep fakes, worker displacement, AI monopolies and threat to national security. Unlike the EU AI Act, President Biden’s Executive Order and the earlier “Blueprint for an AI Bill of Rights” have a rights-based regulatory approach, lack prohibitions on AI deployment and mechanisms for enforcement. The recent Order however ‘require’ developers of advanced AI systems to share their safety test results and other information with the US government prior to placing them in public.
Secretary of Commerce Gina Raimondo says "Congress needs to act" on AI regulation
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