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Home»Regulation»Joe Biden addresses the UN on international AI regulation: ‘It will cost us all’
Joe Biden addresses UN on international AI regulation: ‘It’s going to take all of us’
Regulation

Joe Biden addresses the UN on international AI regulation: ‘It will cost us all’

2023-09-19No Comments2 Mins Read
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In a speech to the United Nations on September 19, US President Joe Biden expressed the urgent need for preventive regulation of artificial intelligence, reversing the existing paradigm that has seen a struggle to create regulations for such products after their introduction.

Biden highlighted the “tremendous potential and enormous danger” of artificial intelligence and urged proactive measures to ensure these emerging technologies serve as “tools of opportunity, not weapons of oppression.”

The cart before the horse

The president’s comments reflect the recent wave of regulatory discussions surrounding artificial intelligence. The potential misuse of AI has been a key concern, a sentiment shared by OpenAI CEO Sam Altman, who urged US lawmakers to regulate AI during a Senate hearing in May.

As part of Biden’s speech, he reaffirmed the United States’ commitment to “work through this institution and other international bodies and directly with leaders around the world… to ensure that we govern AI, not the other way around.”

The president’s comments align with international efforts to strengthen AI safety and regulation, such as the UK government’s upcoming AI Safety Summit. The summit, scheduled for November at Bletchley Park, aims to build a shared understanding of AI-related risks and encourage international cooperation.

Regulatory action on AI has also been seen domestically in the US, with the Securities and Exchange Commission (SEC) proposing rules to limit conflicts of interest arising from companies’ use of predictive data analytics and AI.

Meanwhile, technology companies are lobbying for regulations that support open source development. For example, several European AI companies, including GitHub and HuggingFace, have expressed concerns about the European Union’s upcoming AI law. They argue that the law’s focus on the application layer and its vague definitions could hinder the growth of the AI ​​sector.

See also  Bullish reversal for Bitcoin? Retail investors are flooding back as new addresses hit four-month peaks

Biden’s comments at the UN underscore a broader trend: the need for deliberate, international cooperation on preventative AI regulation that balances the technology’s transformative potential with its potential threats. As AI continues to evolve, striking this balance will become increasingly important.

The post in which Joe Biden addresses the UN on international AI regulation: ‘It will cost us all’ first appeared on CryptoSlate.

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