Chuck Schumer urges complete AI laws.

The leader of the majority in the United States Senate, Chuck Schumer, plans to propose “comprehensive legislation” to establish safety measures for artificial intelligence (AI).

Schumer will be speaking at a meeting at the Center for Strategic and International Studies in Washington D.C. on June 21, where he will emphasize the need for bipartisan action from Congress on this topic.

“Tomorrow, I’ll speak at the @CSIS about my framework Congress can use to supercharge Artificial Intelligence innovation in a safe and responsible way. We must prepare for the age of AI together.”

— Chuck Schumer (@SenSchumer) June 20, 2023

According to excerpts from his speech released by his office, he plans to say that we have “no choice but to acknowledge that AI’s changes are coming,” and that a strategy is needed that encourages innovation.

“We are going to work very hard to come up with comprehensive legislation. Because this is so important, we are going to do everything we can to succeed.”

Schumer plans to highlight the potential difficulties in creating legislation for “every single issue” that may arise with the emergence of AI. He will call it “unlike anything we’ve dealt with before.”

Questions that are planned to be posed include how much federal intervention there should be in regard to tax and spending, along with a question of whether federal intervention is even necessary at all.

Related: AI has a ‘symbiotic relationship’ with blockchain: Animoca Brands CEO

Schumer will also argue for safe innovation that makes the public feel comfortable:

“But if people don’t think innovation can be done safely, that will stifle AI’s development and even prevent us from moving forward.”

This comes one day after U.S. President Joe Biden met with experts from Silicon Valley on June 20 regarding the White House’s commitment to “seizing the opportunities and managing the risks” of AI.

During the meeting, Biden said he’s also focused on citizens’ rights and privacy, along with addressing biases and misinformation prior to the release of AI systems.

Previously, in April, Biden met with executives from OpenAI, Microsoft and Google’s Alphabet to discuss AI.

Lawmakers all across the U.S. are actively considering regulations for AI. The same day Biden met with Silicon Valley experts, a bipartisan group of lawmakers proposed a new bill for the creation of a commission to study the country’s approach to the technology.

Magazine: ‘Moral responsibility’: Can blockchain really improve trust in AI?

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Bitcoin

Analyst: Bitcoin and Ethereum still have downside potential despite recent bounce.

A highly respected crypto analyst, Bluntz, shared cautious observations regarding the recent bullish trend that prope...

Bitcoin

Count on a BTC Price Surge to $50k as Traders Swarm to Snatch Up Bitcoin ETF ($BTCETF) Token following a Whopping $2.5 Million Funding Round!

BTCETF presale sees a successful start with over $2.6M raised, boosted by the anticipation of a Spot Bitcoin ETF launch.

Market

Bitcoin Weekend Trading Decline: Is the Party Over?

According to a recent blog post by analysts from Kaiko, a blockchain market data provider, there has been a decrease ...

Markets

Deutsche Bank's crypto plans boost Bitcoin price to June highs of $27.5K.

The value of Bitcoin has surpassed its June highs and is currently challenging its downward trend.

Market

Price analysis for 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC.

The resilience of Bitcoin and select major altcoins against the strength of the U.S. dollar suggests that the selling...

Market

Senator Bragg warns that the rejection of the crypto bill exposes Australians to an unregulated market.

Australian Liberal Party Senator Andrew Bragg has expressed his concerns about a Senate Committee recommendation to r...