Crypto Market News: A group of United States lawmakers on Tuesday introduced an Act to establish a commission to study the country’s approach towards artificial intelligence. The focus will be on the question of regulating the AI space. The move comes several months after many tech leaders, including billionaire Elon Musk, called for the need to enforce slowdown in AI development. Recently, OpenAI’s Sam Altman also spoke about the need for regulating the AI industry.
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Congressmen Ted W. Lieu, Ken Buck and Congresswoman Anna Eshoo introduced the National AI Commission Act, bipartisan and bicameral legislation to create a national commission on the Artificial Intelligence (AI) space. The objective is to develop a framework for AI regulation.
Comprehensive Framework for AI regulation
The Act appears to be more focused towards preventing harm from the technology. Congressman Lieu warned that AI can also cause significant harm if left unchecked and unregulated. Hence, the commission will unite experts, government, industry, labor to make recommendations on the best ways to move forward on AI regulation, a statement from the lawmakers said.
“The bipartisan, blue-ribbon commission will review the United States’ current approach to AI regulation, make recommendations on any new office or governmental structure that may be necessary, and develop a risk-based framework for AI.”
Meanwhile, AI based crypto tokens Render (RNDR) and SingularityNET (AGIX) reacted positively to the news of the US AI Commission proposal.
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