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As lawmakers worldwide attempt to understand how to regulate rapidly advancing AI technologies, Microsoft chief economist Michael Schwarz told attendees of the World Economic Forum Growth Summit today that "we shouldn't regulate AI until we see some meaningful harm that is actually happening, not imaginary scenarios."
The comments came about 45 minutes into a panel called "Growth Hotspots: Harnessing the Generative AI Revolution." Reacting, another featured speaker, CNN anchor Zain Asher, stopped Schwarz to ask, "Wait, we should wait until we see harm before we regulate it?"
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Lawmakers are racing to draft AI regulations that acknowledge harm but don't threaten AI progress. Last year, the US Federal Trade Commission (FTC) warned Congress that lawmakers should exercise "great caution" when drafting AI policy solutions. The FTC regards harms as instances where "AI tools can be inaccurate, biased, and discriminatory by design and incentivize relying on increasingly invasive forms of commercial surveillance." More recently, the White House released a blueprint for an AI Bill of Rights, describing some outcomes of AI use as "deeply harmful," but "not inevitable."
(Score: 4, Interesting) by RedGreen on Tuesday May 16, @01:42AM (1 child)
"How about we let things play out instead of putting in place a bunch of burdensome regulations that will inevitably hurt the little guy. I don't really care to see stronger copyright laws or restrictions on how much performance a PC can have."
Fuck that and the horse it rode in on too. I am sick of all this let them slimy parasite corporations do whatever the hell they want no matter who gets hurt by their newest latest scheme to steal more of our money, invade our privacy some more, sell us toxic products, half of which destroy the planet. The we are only beholden to making more money for our shareholders, fuck society with all the harm we do, that is for the idiot governments to pay for. Well I for one say enough is enough they get to be held accountable for their actions they cause, the time for it has long since past. We need the corporate death penalty for both the corporation and the people in charge of it. That will change how the cocksuckers go about messing us about killing countless among us with their greed.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
(Score: 1, Funny) by Anonymous Coward on Tuesday May 16, @02:15AM
Your proposal has been rejected due to Congressional inaction and China. Better luck next paradigm shift.