Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

US House forms AI task force as legislative push stalls

Published 02/20/2024, 08:08 AM
Updated 02/20/2024, 11:29 AM
© Reuters. U.S. House of Representatives Speaker Mike Johnson (R-LA) holds a press conference at Capitol Hill in Washington, U.S., February 14, 2024. REUTERS/Leah Millis
MSFT
-
GOOGL
-
AAPL
-
AMZN
-
NVDA
-
META
-

By David Shepardson

WASHINGTON (Reuters) - Leaders of the U.S. House of Representatives said Tuesday they are forming a bipartisan task force to explore potential legislation to address concerns around artificial intelligence.

Efforts in Congress to pass legislation addressing AI have stalled despite numerous high-level forums and legislative proposals over the past year.

House Speaker Mike Johnson, a Republican, and Democratic Leader Hakeem Jeffries said the task force would be charged with producing a comprehensive report and consider "guardrails that may be appropriate to safeguard the nation against current and emerging threats."

Generative AI - which can create text, photos and videos in response to open-ended prompts - has spurred excitement as well as fears it could make some jobs obsolete, upend elections and potentially overpower humans and have catastrophic effects.

The issue received new attention after a fake robocall in January imitating President Joe Biden sought to dissuade people from voting for him in New Hampshire's Democratic primary election. The Federal Communications Commission declared this month calls made with AI-generated voices are illegal.

The task force report will include "guiding principles, forward-looking recommendations and bipartisan policy proposals developed in consultation with committees" in Congress.

Jeffries said "the rise of artificial intelligence also presents a unique set of challenges and certain guardrails must be put in place to protect the American people."

In October, Biden signed an executive order that aims to reduce the risks of AI. In January, the Commerce Department said it was proposing to require U.S. cloud companies to determine whether foreign entities are accessing U.S. data centers to train AI models.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Representative Jay Obernolte, the Republican chair of the 24-member task force, said the report will detail "the regulatory standards and Congressional actions needed to both protect consumers and foster continued investment and innovation in AI."

Democratic co-chair Ted Lieu Force said "the question is how to ensure AI benefits society instead of harming us."

Earlier this month, Commerce Secretary Gina Raimondo said leading AI companies were among more than 200 entities joining a new U.S. consortium to support safe AI deployment including OpenAI, Alphabet (NASDAQ:GOOGL)'s Google, Anthropic, Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN) and Nvidia (NASDAQ:NVDA).

Latest comments

What bothers me is not the A I, it's the A H o l in the WH
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.