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Rethinking AI Regulation in the USA

Mar, 07, 2024 Hi-network.com

In the dynamic landscape of technology, the conversation around the regulation of Artificial Intelligence (AI) has taken an important turn with the emergence of Americans for Responsible Innovation (ARI), a new advocacy group. 

Launched with a mission to bridge the gap between Silicon Valley's innovative pace and Washington's regulatory measures, ARI provides a new approach to AI governance, building on regulatory frameworks from areas such as financial services, cybersecurity, and nuclear energy. This strategy emphasises the importance of protecting the public while keeping the United States in the forefront of the AI revolution.

The group ARI was founded by Brad Carson, a former Congressman and senior defence official, and Eric Gastfriend, a tech entrepreneur, as a bipartisan attempt with no sector or ideological biases. The advisory board includes renowned personalities such as Erik Brynjolfsson of the Stanford Digital Economy Lab and Diane Rinaldo, demonstrating the desire to guide ARI's mission with a depth of experience. 

Indeed, the ARI's is determined to ensure that AI policy is informed by an accurate understanding of the technology's potential and limitations. The group's formation is in reaction to the growing recognition of AI's impact on various parts of life, as well as the necessity for a coordinated effort to responsibly lead its progress.

ARI's thesis is based on the premise that existing regulatory structures, customised to the specific constraints of many industries, can be modified for AI. This approach focuses not just on replicating existing models, but also on exploiting their successes to develop a strong regulatory framework for AI that addresses safety concerns without limiting innovation.

The group's recommendations include the establishment of an AI Auditing Oversight Board, increased funding for the National Institute of Standards and Technology, and the creation of a U.S.-led AI Suppliers Group, among others. These measures aim to create a regulatory environment that fosters transparency, accountability, and international cooperation in AI development and deployment.

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