Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Politics

Biden’s push to regulate new tech is ‘misguided,’ expert warns

by January 30, 2024
January 30, 2024
Biden’s push to regulate new tech is ‘misguided,’ expert warns
Join Fox News for access to this content
Plus get unlimited access to thousands of articles, videos and more with your free account!
Please enter a valid email address.
By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided.

The Biden administration will begin implementing new rules laid out in the president’s executive order aimed at regulating artificial intelligence, though some experts are skeptical about how useful the new rules will be.

‘The executive order’s preoccupation with model size and computing power, rather than actual use case, is misguided. This approach risks creating compliance burdens for companies without meaningfully improving accountability or transparency,’ Jake Denton, a research associate at the Heritage Foundation’s Tech Policy Center, told Fox News Digital.

‘The order’s blurred lines and loosely defined reporting requirements will likely yield selective, inconsistent enforcement.’

Denton’s comments come after The Associated Press reported Monday that the Biden administration would start implementing new rules from the order, including a rule that requires developers of AI systems to disclose the results of safety tests to the government. 

The White House AI Council met Monday to discuss progress on the three-month-old executive order, according to the report, coming at the same time the 90-day goal laid out in the order under the Defense Production Act that AI companies begin sharing information with the Commerce Department.

Ben Buchanan, the White House special adviser on AI, told The Associated Press that the government has an interest in knowing if ‘AI systems are safe before they’re released to the public – the president has been very clear that companies need to meet that bar.’

But Denton is skeptical that the order will lead to the advertised results.

‘The order’s blurred lines and loosely defined reporting requirements will likely yield selective, inconsistent enforcement,’ Denton said. ‘Meanwhile, the substantial information asymmetry between regulators and companies will likely render oversight ineffective.’

Christopher Alexander, chief analytics officer of Pioneer Development Group, also expressed skepticism about the new rules, noting government struggles to regulate other tech industries such as cryptocurrencies and expressing fears about censorship.

WHITE HOUSE URGES CONGRESS TO ACT FOLLOWING ‘ALARMING’ AI TAYLOR SWIFT IMAGES 

‘The Biden administration’s problematic regulation of crypto is a perfect example of government dictating to industry rather than working with industry for proper regulations,’ Alexander told Fox News Digital. ‘I am also concerned that the aggressive censorship efforts with social media by the U.S. government in the past few years is very disconcerting, and I think any government oversight efforts must be carefully monitored by Congress for accountability, and it is crucial that they clearly define ‘who will watch the watchers.”

Nevertheless, Alexander argued that it is important to establish standards for the industry, noting that ‘the private sector motivations of AI companies are not always in the best interest of the general public.’

Biden’s executive order seeks to bridge that gap, putting in place a set of common standards for future AI safety.

‘I think the government is setting the tone for the future. There really isn’t a standard yet for testing safety with these models yet. Because of that, this order doesn’t have much teeth – yet,’ Phil Siegel, founder of the Center for Advanced Preparedness and Threat Response Simulation (CAPTRS), told Fox News Digital. 

‘If the administration fails to meet the moment, by creating stifling regulations, America will see its global edge in AI technology wither away.’

‘But there are some consensus processes emerging. Eventually, there will probably be several prompts generated either randomly or not to test the models. There will be some sophisticated AI models that will be used to converse or test new models. In addition, ‘red teaming’ will become a method that is used where teams of people and technology try to ‘break’ these models.’

Siegel likened the process to the current rules for drug approval, which he argued is now well understood and followed by drug developers.

‘We will eventually have that for testing AI models and honestly should have had that in place for social media applications,’ Siegel said.

Ziven Havens, policy director at the Bull Moose Project, argued that the administration has reached a critical juncture in the regulation of AI, one that will require them to balance safety standards while taking care not to stifle innovation.

‘If the Biden administration aims to be successful with AI regulation, they will use the information provided to them to create reasonable standards, ones that will both protect consumers and the ability of companies to innovate,’ Havens told Fox News Digital. 

‘If the administration fails to meet the moment, by creating stifling regulations, America will see its global edge in AI technology wither away. Waving a white flag on American innovation would be a disaster, both for our economy and national security.’

The White House did not immediately respond to a Fox News Digital request for comment.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
‘We are dying slowly:’ Palestinians are eating grass and drinking polluted water as famine looms across Gaza
next post
Lynette Zang: Crisis Ahead in 2024? Look to Gold, Silver, Community

Related Posts

Melania ‘going to be out a lot’ on...

February 25, 2024

Maui emergency management admin resigns day after questioned...

August 18, 2023

New Mexico governor narrows scope of sweeping gun...

September 17, 2023

AGs fed up with NYT, CNN Hamas coverage...

December 5, 2023

Rashida Tlaib calls Israeli PM Netanyahu ‘genocidal maniac,’...

December 29, 2023

California GOP proposal would distance state party from...

August 20, 2023

Mother of wrongfully detained American on death row...

November 14, 2023

Pro-life conservatives are ‘disappointed’ in Trump’s new abortion...

April 9, 2024

So the House took three weeks to elect...

October 27, 2023

McCarthy exit underscores House GOP’s perilously slim majority

December 8, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,056)
    • Investing (2,083)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,391)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved