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While there is little in terms of proposed legislation for AI,
the fast-growing artificial intelligence program ChatGPT that
has drawn praise for its ability to write answers quickly to a
wide range of queries has raised U.S. lawmakers' concerns about
its impact on national security and education.
The Chamber report argues policymakers and business leaders must
quickly ramp up their efforts to establish a "risk-based
regulatory framework" that will ensure AI is deployed
responsibly.
It added that AI is projected to add $13 trillion to global
economic growth by 2030 and that it has made important
contributions such as easing hospital nursing shortages and
mapping wildfires to speed emergency management officials'
response. The report emphasized the need to be ready for the
technology's looming ubiquity and potential dangers.
The report asserts that within 20 years, "virtually every"
business and government agency will use AI.
A product of a commission on artificial intelligence that the
Chamber established last year, the report is in part a
recognition of the critical role the business community will
play in the deployment and management of AI, the Chamber said.
Even as it calls for more regulation, the Chamber is careful to
caveat that there may be broad exceptions to how regulation is
applied.
"Rather than trying to develop a one size-fits-all regulatory
framework, this approach to AI regulation allows for the
development of flexible, industry-specific guidance and best
practices," the report says.
(Reporting by Suzanne Smalley; Editing by Aurora Ellis)
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