Elon Musk calls for brand spanking new federal company to supervise AI at Senate summit

Executives from among the nation’s high tech firms convened Wednesday on the U.S. Senate for a closed-door listening to on synthetic intelligence, as curiosity in Congress to manage the nascent expertise has grown in current months.

Attendees, together with Tesla Inc.
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CEO Elon Musk, Microsoft Corp.
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co-founder Bill Gates and Meta Platforms Inc.
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CEO Mark Zuckerberg, have been on Capitol Hill on the behest of Senate Majority Leader Chuck Schumer, to assist lawmakers perceive the implications of recent developments in AI.

“This meeting may go down in history as being very important for the future of civilization,” Musk stated to reporters on Capitol Hill as he left the assembly. “Sen. Schumer did a service to humanity here, and I think something good may come out of this.”

The Tesla CEO endorsed the creation of a brand new federal company to supervise AI growth “which you can think of as a referee to ensure that companies take actions that are safe and in the interest of the general public.”

Musk has beforehand warned that the event of AI may pose an existential danger to humanity, signing an open letter in March that warned it may result in the event of “nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us,” in addition to the unfold of misinformation and mass unemployment.

“AI is here and here to stay,” Schumer stated in opening remarks to the AI Insight Forum, which was closed to the general public to advertise a frank dialogue.

“Congress must play a role, because without Congress we will neither maximize AI’s benefits, nor minimize its risks,” he added. “This is going to be one of the hardest tasks we undertake, because AI is so complex, will impact nearly every area of life, and is evolving all the time.”

Other attendees embody  OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Google dad or mum Alphabet Inc.
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CEO Sundar Pichai and Nvidia Corp. CEO
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Jensen Huang.

Former Google CEO Eric Schmidt informed reporters as he entered the assembly that he deliberate to inform lawmakers that AI “is a very powerful tool and they should be ready.”

The assembly follows a number of public hearings on the subject, most notably within the Senate Judiciary Committee, whose Democratic Chairman Richard Blumenthal of Connecticut and Republican rating member Josh Hawley of Missouri not too long ago put ahead a framework for a brand new legislation geared toward regulating AI.

The framework requires establishing a licensing regime and regulatory physique to supervise AI fashions in “high-risk situations,” guaranteeing a authorized framework that may maintain AI firms accountable for harms inflicted by the expertise and disclosure necessities.

Schumer additionally invited leaders from the labor and civil rights actions in addition to what he referred to as “skeptics from inside the industry who have the necessary technical experience to help us understand the changes that might be needed.”

Despite this outreach, a few of Schumer’s colleagues criticized the format of the listening to, each its non public nature in addition to the listing of invitees.

Democratic Sen. Elizabeth Warren of Massachusetts was essential of the nonpublic nature of the hearings, which enabled highly effective leaders to air their views with little pushback, as senators weren’t allowed to ask questions apart from in writing.

“There’s sitting in at a big table all by themselves, all the senators are to sit there and ask no questions,” she informed reporters outdoors the assembly. “That’s the set up.”

Some within the tech trade have been additionally essential of the invite listing as a result of it didn’t embody sufficient leaders from smaller firms.

 “These forums are generally led by Big Tech,” Navrina Singh, CEO and founding father of Credo AI Corp., a software program firm that gives company governance for AI, informed MarketWatch. “We need more feedback from smaller companies and the impact on innovation.”

Jon Swartz contributed to this story.

Source web site: www.marketwatch.com

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