Tech industry leaders endorse regulating artificial intelligence at rare summit in DC

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The nation's biggest technology executives on Wednesday loosely endorsed the idea of government regulations for artificial intelligence at an unusual closed-door meeting in the U.S. Senate.

The nation’s biggest technology executives on Wednesday loosely endorsed the idea of government regulations for artificial intelligence at an unusual closed-door meeting in the U.S. Senate. But there is little consensus on what regulation would look like, and the political path for legislation is difficult.

Schumer will not necessarily take the tech executives’ advice as he works with colleagues on the politically difficult task of ensuring some oversight of the burgeoning sector. But he invited them to the meeting in hopes that they would give senators some realistic direction for meaningful regulation.

Sparked by the release of ChatGPT less than a year ago, businesses have been clamoring to apply new generative AI tools that can compose human-like passages of text, program computer code and create novel images, audio and video. 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.

During the discussion, according to attendees who spoke about it, Musk and former Google CEO Eric Schmidt raised existential risks posed by AI, and Zuckerberg brought up the question of closed vs. “open source” AI models. Gates talked about feeding the hungry. IBM CEO Arvind Krishna expressed opposition to proposals favored by other companies that would require licenses.

Some senators were critical that the public was shut out of the meeting, arguing that the tech executives should testify in public. Sarah Myers West, managing director of the nonprofit AI Now Institute, estimated that the combined net worth of the room Wednesday was $550 billion and it was “hard to envision a room like that in any way meaningfully representing the interests of the broader public.” She did not attend.

 

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