A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released Wednesday that the U.S. needs to “harness the opportunities and address the risks” of the quickly developing technology.
The group of two Democrats and two Republicans said in an interview Tuesday that while they sometimes disagreed on the best paths forward, it was imperative to find consensus with the technology taking off and other countries like China investing heavily in its development. They settled on a raft of broad policy recommendations that were included in their 33-page report.
While any legislation related to AI will be difficult to pass, especially in an election year and in a divided Congress, the senators said that regulation and incentives for innovation are urgently needed.
“It’s complicated, it’s difficult, but we can’t afford to put our head in the sand,” said Schumer, D-N.Y., who convened the group last year after AI chatbot ChatGPT entered the marketplace and showed that it could in many ways mimic human behavior.
AI is the new decade long FAANG tech scam. Now that Microsoft, Google, and others have planted enough curated demos in the public domain, and established their first mover advantage it is time to do what they always do.
Big tech are basically just the new breed of MIC. Make room Lockheed Martin, et al.
Also ask for a 10 trillion dollar valuation based on those projected investments. Theyre inventing the problem for the solution they have.
All it took is a few paychecks to various rich politicians and suddenly there’s a 32 billion dollar emergency.