Biden tightens AI regulations as critics warn of 'stifling' red tape on companies

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Experts Urge Government, to Regulate AI, , Warning of Extreme Risks. 'Time' reports that another group of Artificial Intelligence experts have joined together to urge the government to take action to mitigate the risks posed by AI. Experts who contributed to the policy document include Turing Award winners Geoffrey Hinton and Yoshua Bengio. .

Biden admin secretly let in thousands of unvetted migrants from ‘countries of national security concern’Monday regulating the development of artificial intelligence – after Elon Musk, Sam Altman and other industry leaders have warned the technology’s unsupervised advancement

“President Biden is rolling out the strongest set of actions any government in the world has ever taken on AI safety, security, and trust,” White House Deputy chief of staff Bruce Reed said in a statement. Critics of the regulatory push argue that Big Tech leaders are taking advantage of public fears to push for rules that will effectively fence out competition within the burgeoning industry.Carl Szabo, vice president and general counsel of NetChoice, called the executive order “the wrong approach to govern AI” and “dangerous for our global standing as the leading technological innovators.”

“AI has vast potential to improve peoples’ lives, and we must not allow fears to hold the United States back,” the site also states.“Broad regulatory measures in Biden’s AI red tape wishlist will result in stifling new companies and competitors from entering the marketplace and significantly expanding the power of the federal government over American innovation,” Szabo said. “Thus, this order puts any investment in AI at risk of being shut down at the whims of government bureaucrats.

 

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