Elon Musk, Mark Zuckerberg, and other industry experts are set to attend a Congressional forum on AI regulation to discuss the need for controls and safeguards in the rapidly evolving technology. The closed-door hearings, described by The White House as one of the toughest subjects ever tackled by Congress, aim to explore ways to support innovation in the tech industry while ensuring user privacy and preventing bias or negative doomsday scenarios.
The series of eight hearings will delve into how AI impacts national security, the economy, and how to strike a balance between fostering innovation and establishing necessary regulations. During a Senate floor speech, Senate Majority Leader Schumer emphasized the complex and profound influence of AI on society. He stressed the importance of addressing the opportunities and risks associated with AI and called for input from various industry stakeholders, including AI researchers and critics from within the industry.
The discussions align with a growing recognition of the need for international consensus on AI policies. GlobalData, a research analytics firm, highlighted the significance of establishing unified principles for AI in a recent thematic intelligence report on tech regulation. The EU AI Act, expected to become legally binding by late 2023 or early 2024, received strong support in the European Parliament. However, researchers caution that diverging regulations across countries may lead to further fragmentation in the digital space.
In the United States, the New Democrat Coalition has already formed a Congress AI working group aimed at developing sensible and bipartisan AI regulation. With AI being a topic that requires swift understanding and informed decision-making, the working group’s chair, Derek Kilmer, stressed the urgency for Congress to familiarize itself with the technology rapidly.
The Congressional forums on AI regulation are scheduled to commence on September 13th, with attendees engaging in discussions from 10 am to 5 pm Eastern Time. The aim of these forums is to generate valuable insights and perspectives from industry leaders, ultimately paving the way for well-informed and balanced AI policies. The outcomes of these hearings could shape the future of AI regulation, privacy protection, and innovation in the technology sector.