Elon Musk, CEO of Tesla, stated that there was a strong agreement for the necessity of AI regulation, during a meeting in Washington with other leading figures in the tech industry to discuss Artificial Intelligence (AI).

The participants at this event included Mark Zuckerberg of Meta, Sundai Pichai from Google, Bill Gates, the former CEO of Microsoft, and its current CEO Satya Nadella.

The meeting, held in private with US lawmakers on Wednesday, was chaired by Senate Majority Leader Chuck Schumer and featured presentations from not only tech leaders but also civil rights advocates. The potential benefits and dangers of AI have garnered a significant amount of attention from global politicians.

In a separate event in May, Sam Altman, CEO of OpenAI – the company that developed ChatGPT – presented testimony before a US Senate committee regarding the challenges posed by this new technology.

Altman explained that ChatGPT and similar technologies can generate answers that mimic human-like responses, but these responses can also be significantly inaccurate.

Mr. Altman expressed concerns regarding the potential downside of artificial intelligence (AI) if it spirals out of control. He urged for proactive measures to mitigate any adverse outcomes. “We need a strong dialogue with the government to preempt any detrimental effects of this technology,” he commented.

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The technology continues to spark anxiety over possible large-scale job losses, increased fraud levels, and the potential for spreading more believable false information.

Moreover, criticism has been directed towards AI firms for their training models that utilize data from the internet without the proper authorization or compensation to its originators.

Elon Musk echoed similar sentiments, suggesting regulatory oversight on AI to ensure public safety, in an interview with the BBC in April.

He reiterated the need for a regulatory authority during a recent meeting, advising there should be a “moderator” for AI. “While I am uncertain of when and how I believe something will occur,” he stated to journalists afterward.

Meanwhile, Mark Zuckerberg proposed that Congress should embrace AI to stimulate innovation and put protective measures in place.

“Indeed, it outclasses the standard formed by American businesses that collaborate with our administration to mold models on significant matters,” he added.
Republican Senator Mike Rounds cautioned that the process for Congress to act would be gradual.

“Is it time for us to draft laws? Certainly not,” stated Mr. Rounds. “We haven’t reached that point.”
Senator Cory Booker, a Democrat, expressed that all attendees concurred on “the government’s role in regulations.” However, he pointed out that drafting legislation would pose a difficulty.