The proposed legislation comes amid growing concerns about the potential misuse of AI technology, including job obsolescence, election manipulation, and unauthorized access to critical infrastructure. The move follows President Joe Biden's executive order in October to regulate AI development by requiring developers to share safety information on their most advanced systems. In contrast, Europe has made more progress in regulating AI, with the EU announcing the AI Act in June that bans certain AI systems and classifies others as "high risk."
Key takeaways:
- A bipartisan group of US lawmakers has proposed legislation that would require federal agencies and AI service providers to adopt guidelines to manage the risks associated with AI technology.
- If approved, the bill would require federal agencies using third-party AI services to adopt guidelines announced by the U.S. Commerce Department and would require the Commerce Department to develop specific standards for companies supplying AI to the U.S. government.
- The bill comes amid concerns about the potential misuse of AI technology, including fears that it could be used to manipulate elections, make jobs obsolete, or be used by bad actors to gain access to critical infrastructure.
- Europe has made more progress in regulating AI, with the European Union announcing the AI Act that bans certain AI systems and classifies others as "high risk". France, Germany, and Italy have also signed an agreement supporting "mandatory self-regulation through codes of conduct" in AI development.