Artificial intelligence (AI) technology is advancing at a rapid pace, prompting government bodies to establish regulations to manage its risks. President Joe Biden recently met with AI experts to discuss risk management with regards to AI, while the European Parliament approved the world’s first AI regulations. Even New York City is set to implement regulations on AI soon.
Despite the early stages of regulation, some companies are still pushing to make their AI technology more powerful. OpenAI’s CEO, Sam Altman, confirmed that there will be significant improvements to their ChatGPT within the next six months to a year. Altman promised smarter models and the ability for ChatGPT to process images, audio, and video in the future.
However, there are concerns from AI experts such as Gary Marcus, who fear how improvements in AI technology could exacerbate current harms. Marcus pointed out risks of misinformation, enhanced online fraud, and job loss. To combat these risks, New York City is introducing specific AI legislation to combat bias in hiring decisions. From July 2021, any company utilizing AI for hiring decisions must notify candidates of their automated methodology and subject themselves to annual bias audits.
Ironically, Altman and OpenAI publicly called for government oversight while privately lobbying the EU to relax their regulations. This request was rejected, and the regulations still identify general-purpose AI systems such as ChatGPT as high-risk, which require more stringent oversight.
In conclusion, AI technology is rapidly evolving and requires regulation to manage its risks effectively. While companies continue to push for improvements, it is crucial to consider potential harms and implement regulations that safeguard against them.
Frequently Asked Questions (FAQs) Related to the Above News
What is the purpose of regulations for AI technology?
The purpose of regulations for AI technology is to manage its risks effectively.
Who recently met with AI experts to discuss risk management with regards to AI?
President Joe Biden recently met with AI experts to discuss risk management with regards to AI.
What is the world's first approved AI regulation?
The European Parliament approved the world's first AI regulation.
What is OpenAI's CEO, Sam Altman, promising to improve within the next six months to a year?
OpenAI's CEO, Sam Altman, is promising significant improvements to their ChatGPT within the next six months to a year, including smarter models and the ability for ChatGPT to process images, audio, and video in the future.
What risks do AI experts like Gary Marcus fear improvements in AI technology could exacerbate?
AI experts like Gary Marcus fear that improvements in AI technology could exacerbate risks of misinformation, enhanced online fraud, and job loss.
Which city is introducing specific AI legislation to combat bias in hiring decisions?
New York City is introducing specific AI legislation to combat bias in hiring decisions.
What must companies utilizing AI for hiring decisions do from July 2021 according to New York City's AI legislation?
From July 2021, any company utilizing AI for hiring decisions must notify candidates of their automated methodology and subject themselves to annual bias audits according to New York City's AI legislation.
What did OpenAI publicly call for while privately lobbying the EU to relax their regulations?
OpenAI publicly called for government oversight while privately lobbying the EU to relax their regulations.
How does the EU categorize general-purpose AI systems such as ChatGPT?
The EU categorizes general-purpose AI systems such as ChatGPT as high-risk, which requires more stringent oversight.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
