The U.S. Chamber of Commerce's AI Commission is pushing for a developed regulatory framework to oversee the use of artificial intelligence.
AI report
Today, the AI Commission launched a thorough report regarding artificial intelligence, addressing its potential impact across various sectors.
Looking ahead to the next couple of decades, the commission anticipates that artificial intelligence will be integral to all businesses and government sectors.
The committee suggests that legislation should possess a technology-neutral stance, emphasizing the practical uses and impacts of AI rather than the underlying technologies.
A pivotal report has been shared by the AI Commission of the U.S. Chamber of Commerce, highlighting AI's capabilities and calling for a regulatory approach based on assessing risks. McKinsey The report was revealed at a gathering held at the headquarters of the U.S. Chamber of Commerce, coinciding with predictions that AI could add approximately $13 trillion to the global economy by 2030, lifting global GDP around 1.2% annually.
As AI technology progresses, its practical applications are expected to expand, covering domains like self-driving cars, healthcare, financial services, and advances in Natural Language Processing (NLP). climate change research .
Through extensive analysis, the Commission concluded that almost every enterprise and government body will likely integrate AI solutions over the next 10-20 years, forecasting improvements in customer service efficiency, productivity, and also the rise of new security challenges driven by AI. This, however, debunks It is predicted that AI won’t lead to higher unemployment rates, as 99% of the economy will increasingly lean towards sectors where technology is currently limited due to stringent regulations. As AI regulations mature, this technology sector is anticipated to dominate the economic landscape.
The Commission has called on decision-makers to remain aware of the potential adverse applications of AI technology.
Marc Andreessen’s argument Read more: \"AI introduces unique challenges, ranging from national security threats and privacy issues to the risk of perpetuating biases in new technological systems and the potential for large-scale job displacement,\" remarked John Delaney, co-chair of the AI Commission and former U.S. Representative.
The report identifies key focus areas for lawmakers aiming to promote the ethical development and use of AI, including workforce readiness, international competitiveness, and safeguarding national security. It also emphasizes a risk-based regulatory strategy to address possible dangers.
Other key recommendations included in the report emphasize the importance of:
The effective enforcement of current laws and guidelines.
Drafting regulations that maintain a technology-neutral focus, concentrating on the practical applications and societal effects of AI rather than specific technologies like machine learning or natural language processing.
- Enhancing AI education and broadening the talent base to mitigate potential disruptions in the American workforce.
- Collaborating with relevant international partners to establish more coherent global governance structures.
- "It’s crucial to tackle these challenges pragmatically, leverage the vast economic opportunities that AI advancements can bring, and uphold the rights of every American. This endeavor necessitates close collaboration between government and industry,\" Delaney added.
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Accenture emphasizes that companies thriving in the Metaverse should prioritize consumer demands over mere technological capabilities.
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