Congress has a lackluster track record when it comes to regulating new technology, and the industry has grown mostly unchecked by government in the past several decades. Many lawmakers point to the failure to pass any legislation surrounding social media, such as for stricter privacy standards.
The hype over such tools has accelerated worries over its potential societal harms and prompted calls for more transparency in how the data behind the new products is collected and used. The tech leaders and others outlined their views at the meeting, with each participant getting three minutes to speak on a topic of their choosing. Schumer and Rounds then led a group discussion.
Outside the meeting, Google CEO Pichai declined to give details about specifics but generally endorsed the idea of Washington involvement.
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Source: CNBC - 🏆 12. / 72 Read more »