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Freeman [soylentnews.org] writes:

https://arstechnica.com/tech-policy/2023/05/meaningful-harm-from-ai-necessary-before-regulation-says-microsoft-exec/ [arstechnica.com]

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 [weforum.org] 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?"
[...]
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 [ftc.gov] 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 [whitehouse.gov] a blueprint for an AI Bill of Rights [arstechnica.com], describing some outcomes of AI use as "deeply harmful," but "not inevitable."

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