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COINTURK NEWS > Crypto AI > Senators Recommend $32 Billion for AI Development and Safety Measures
Crypto AI

Senators Recommend $32 Billion for AI Development and Safety Measures

In Brief

  • Senators recommend $32 billion for AI development and safety measures.

  • New transparency requirements proposed for AI products and workforce impact studies.

  • USA lags behind EU in AI regulation, pressured to catch up.

COINTURK NEWS
COINTURK NEWS 12 months ago
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A group of four bipartisan senators, led by Majority Leader Chuck Schumer, recommends that Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safety measures around it. The roadmap stands out as another effort by the United States government to regulate and promote artificial intelligence development.

Contents
AI Process in the USAWhat’s Happening in the AI Field?

AI Process in the USA

This development comes six days after lawmakers in the USA unveiled a bipartisan bill to help the Biden administration apply export controls to the best AI models created in the country. After months of meetings with industry experts and AI critics, the bipartisan working group identified the importance of AI investments to keep the USA competitive with overseas rivals and improve Americans’ quality of life; technology that could help treat some cancers or chronic diseases is supported.

Although this roadmap does not create a concrete bill or policy proposal, it provides a glimpse into the scope and scale of what lawmakers and stakeholders foresee for future AI legislation, laying the groundwork for more comprehensive and detailed policies.

What’s Happening in the AI Field?

The group also proposed new transparency requirements as AI products are rolled out and studies on the potential impact of AI on jobs and the US workforce are conducted. The AI Working Group is not leading efforts to regulate the rapid progress of generative AI development and adoption. In February, NIST established the AI Security Institute Consortium (AISIC), bringing together over 200 organizations to create security guidelines for AI systems.

According to experts, the USA lags behind many other countries, including the European Union, which has taken significant leadership in regulating AI. In March, the EU created comprehensive new legislation governing AI across its 27 member countries, putting pressure on the USA to catch up with this law.

The law established safeguards for general-purpose AI, limited the use of biometric identification systems by law enforcement, banned online social scoring and AI manipulation or exploitation of user vulnerabilities, and gave consumers the right to file complaints and receive meaningful explanations from AI providers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 16 May, 2024 - 1:15 pm 16 May, 2024 - 1:15 pm
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