AI must be regulated to prevent threats to growth and national security, says the US Chamber of Commerce

By William Sen On Mar 10, 2023

The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it doesn’t hurt growth or threaten national security, fending off anti-regulation efforts by corporate lobbies.

While there have been few AI-related legislative proposals, concerns have been raised by ChatGPT, a growing artificial intelligence program that has been praised for its ability to develop quick answers to a wide range of questions. US lawmakers are concerned about the impact on national security and education.

The House report says policymakers and business leaders should urgently step up efforts to create a “risk-based regulatory framework” that ensures the responsible use of AI.

He added that AI is expected to add $13 trillion (roughly Rs. 1,06,700 crore) to global economic growth by 2030 and has made important contributions such as facilitating food rations and mapping forest fires to speed up the response of emergency management officials. The report highlighted the need to be prepared for upcoming technology and potential threats.

The report claims that within 20 years, “virtually all” businesses and government agencies will be using AI.

The report is a product of last year’s Commission on Artificial Intelligence, which is in part a recognition of the critical role of the business community in the use and management of AI. Bedroom.

In calling for additional regulation, the Chamber cautions that there may be wide exceptions to regulatory enforcement.

“Rather than trying to develop a single regulatory framework, this approach to AI regulation allows for the development of flexible, industry-specific guidelines and best practices,” the report said.

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