On Friday, December 8, European Union lawmakers reached a political agreement on the AI Act, the world's first comprehensive set of rules to regulate AI.
Why it's important: As countries debate how to maximize the potential benefits of AI while managing its potential risks, the EU has naturally emerged as the first country to regulate.
Our view: The U.S. Chamber of Commerce remains concerned that EU AI law does not strike a sensible balance between regulating risk and promoting innovation. There is little reason to believe that EU AI legislation could stimulate European competitiveness or open the door to discrimination against US companies. The Chamber remains dedicated to advocating for responsible AI regulation that drives economic progress.
White House AI policy attracting attention
December 8, 2023
At the start of a week focused on White House AI policy discussions, the U.S. Chamber of Commerce made the following submission. comment Submitted to the Office of Management and Budget regarding draft guidance on the federal government's approach to the acquisition and use of AI systems.
a hearing A meeting entitled “White House Policy on AI” hosted by the House Oversight Subcommittee on Cybersecurity, Information Technology, and Government Innovation on Wednesday will discuss the meaning of the draft guidance, as well as the broad scope and impact of the guidance. It served as a means. 150 requirements related to President Biden's recent AI Executive Order.
Why it's important: The Chamber believes it is important that governments develop rules and regulations that do not create unnecessary barriers to the successful implementation of AI. Given the complexity of the issues involved in this area and the simultaneous and overlapping federal regulatory requirements, the Chamber was disappointed with OMB's reluctance to extend the comment period on the draft guidance.
However, the Chamber was able to provide feedback on defining scope, AI governance, reporting requirements, responsible innovation, risk management, and guidance. We will continue to provide feedback to the administration in the coming weeks and months.
Future outlook: in letter Regarding Wednesday's hearing, the chamber asked the House Oversight Committee to provide oversight to ensure that relevant stakeholders have sufficient time to provide comprehensive feedback on federal AI policy. He also outlined the importance of IT modernization within the federal government.
A patchwork of regulations is not the solution
November 30, 2023
In an open letter to state leaders, the U.S. Chamber of Commerce and more than 60 state and local chambers across the country urge them to prioritize the development and deployment of AI and oppose a patchwork of regulations. Ta.
Why it's important: As AI continues to evolve rapidly, it opens new doors to industry transformation, investment opportunities, and job creation, benefiting businesses of all sizes.
Impact of regulatory patchwork: But a patchwork of state-level proposals to regulate artificial intelligence threatens to slow the realization of these benefits and stifle innovation, especially for small and medium-sized businesses that stand to benefit most from the productivity gains associated with AI. there is. For example, California is already considering sweeping new AI rules under the California Privacy Rights Act.
While it is the state's role to accelerate the adoption of AI in schools, businesses, and government agencies, the federal government must take the lead in developing a comprehensive framework for regulating AI.
Why we need a federal AI regulatory framework: A risk-based federal framework is the best option to provide U.S. businesses with the certainty they need to invest in AI development and deployment, and to ensure their workforce is prepared for the transition to an AI-powered economy. .
Earlier this year, the U.S. Chamber of Commerce’s Committee on AI Competitiveness, Inclusion, and Innovation released a report and recommendations for a federal AI regulatory framework that optimizes the benefits and mitigates potential risks of AI. did. Read the report here.
National AI privacy standards are essential
November 20, 2023
Recent House Energy and Commerce Committee hearing This article, titled “Data Protection and Innovation: Setting the Foundation for the Use of Artificial Intelligence,” focused on the importance of balancing data privacy with the data needs of AI systems.
The Chamber is advocating for Congress to enact a preemptive national data law. Because it prevents a piecemeal state-by-state approach and provides the market stability needed for the new AI-driven digital economy to thrive.
Why it's important: National privacy standards that protect privacy while enabling continued innovation are essential to ensuring the United States continues to lead in AI and secure the benefits of the digital economy.
According to McKinsey & Company, AI in the right place It has the potential to be a driver of economic growth, adding up to $4.4 trillion annually to the global economy.
tightrope walking: New privacy laws will need to consider how restrictions on data collection will impact the fairness and legality of the output produced by AI. Good data is essential for effective AI, and too strict privacy can hinder the legal and fair development of AI.
Experts agree: Human-Centered Artificial Intelligence (HAI) at Stanford University line up This echoes the sentiment of the Chamber of Commerce, which notes the tension between keeping data private and collecting enough information to ensure AI is fair and unbiased. points out the relationship.
Global AI leadership on display in the UK and US
November 16, 2023
The core pillars of the Chamber of Commerce and Industry Responsible AI Business Leadership Initiative It's about advancing U.S. leadership in building a global AI framework with other like-minded countries.
of UK AI Safety Summit The event, held earlier this month, marked an important moment for international discussions and potential cooperation on AI safety and ethics, especially internationally. AI developed countriesThe UK and US in particular recognize the need for concerted action to shape the global regulatory environment around this innovative technology.
Impact on US companies: As AI policy and ethics continue to evolve, U.S. companies must stay competitive and stay aligned with current policies.
The future of global AI leadership: World leaders must continue to work together to effectively manage the rapidly growing impact of AI on societies and economies. Conferences like the UK AI Safety Summit can help build consensus and cooperation to ensure everyone can benefit from this technology.
Biden executive order has promising priorities but also raises concerns
November 2, 2023
The Biden Administration on Monday issued an Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, outlining priorities for seizing the potential and managing the risks of this transformative technology. Chamber of Commerce officials also attended the signing ceremony at the White House.
of Chamber of Commerce and Industry appreciates Although we are addressing the priorities outlined in the Executive Order, including attracting highly skilled workers, increasing resources for intra-governmental coordination, and accelerating the development of standards, there are some concerns.
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Stakeholders may not have sufficient time to provide input, which may result in poorly-informed regulation.
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Government agencies like the FTC and CFPB should not see this as an opportunity to do whatever they want. All agencies must continue to act within Congressional limits and abide by Supreme Court decisions.
The Chamber is leading the way forward on responsible AI.
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of Chamber Committee on AI Competitiveness, Inclusion and Innovation The AI Working Group has provided the federal government with a roadmap to a regulatory framework that optimizes the benefits and mitigates the potential risks of AI.read committee report It was released earlier this year.
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of Responsible AI Business Leadership Initiative We educate policymakers about the benefits of technology and promote responsible policy.
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The chamber of commerce is host a discussion – like below Global AI Forum – Work with industry and government leaders to discuss the need to build trust in AI systems and policies.
Conclusion: It is encouraging that some of the priorities outlined by the Chamber's AI Committee are included in the EO. The Chamber looks forward to continued engagement with leaders in Washington and around the world to ensure a smart path to responsible AI leadership at scale.
About the author
jordan crenshaw
Crenshaw is senior vice president of the Chamber Technology Engagement Center (C_TEC).
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