Tech leaders called for regulation that will ensure the balance between innovation and safety, during the first AI Insight Forum conducted by the Senate.
AI Insight Forum Rundown
Senate Majority Leader Chuck Schumer (D-NY) hosted the first AI Insight Forum last September 13. The forum was attended by top tech executives such as Mark Zuckerberg (Meta), Elon Musk (X), Satya Nadella (Microsoft), Sam Altman (OpenAI), Sundar Pichai (Google), and Jensen Huang (Nvidia).
The forum was closed to the public and even media, making it hard to know what really went down during rhe forum. However, some tech executives released a statement to the media after the forum.
For instance, Zuckerberg hoped for the Congress to engage with AI by supporting innovation and providing safeguards. The Meta CEO put emphasis on the key points of AI: safety and access.
"We think policymakers, academics, civil society, and industry should all work together to minimize the potential risks of this new technology, but also to maximize the potential benefits," Zuckerberg stated.
Importance of AI Innovation and Regulation
For the previous years, AI has been proving its efficiency to the technology. While many are impressed to its capability, people are still wary about the potential risk of developing such technology and how it will impact the future of the society.
"If you believe this generation of AI tools is a meaningful step forward, then it's important not to undervalue the potential upside," Zuckerberg stressed.
On the other hand, Musk suggested that there should be a federal AI oversight agency so that AI products will not go unchecked. Other tech leaders were also agreeing on the importance of regulating AI.
The recently concluded forum marked the first of the many forums that will be held to assess the proper steps and regulation that should be put for AI. Others are still wary on the closed-door setup of the forum and are calling for a public hearing since it is a matter of public concern.
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