What Will Be the Next Big Tech Wave? Lawmakers are concerned that Generative AI will be a repeat of social media.
Feb. 22, 2023.
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As generative AI continues to grow and advance, lawmakers face a new challenge. Many people are concerned about the lack of consumer protections and standards surrounding AI products and systems, which could expose users to a variety of risks. Concerns have been raised that lawmakers will be ill-equipped to regulate this new technology, as they were with social media, so some have called for the creation of an effective regulatory regime that will force tech companies to prioritize consumer protections.
Several bills related to specific applications of AI have been introduced in Congress, but no comprehensive bill offering comprehensive consumer protections and development standards related to AI products and systems has been introduced. Some argue that the development and deployment of AI must be done in a way that is safe, ethical, and respectful of all Americans’ rights and privacy.
Concerns have also been raised about the potential impact of generative AI, which has the potential to transform the tech industry by creating an infinite amount of customized and personalized content out of thin air. While this may open up new opportunities for users, there are concerns about privacy and security, as well as content owners claiming harm from AI companies using their content to train models without permission. To avoid repeating the mistakes made with social media, lawmakers must be proactive in regulating generative AI.
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