• About
  • Landing Page
  • Buy JNews
Newsletter
Bitcoin Press UK
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
No Result
View All Result
Bitcoin Press UK
No Result
View All Result
Home Regulation

Senators unveil bipartisan blueprint for comprehensive AI regulation

Editorial Team by Editorial Team
September 9, 2023
in Regulation
0
Senators unveil bipartisan blueprint for comprehensive AI regulation

#image_title

189
SHARES
1.5k
VIEWS
Share on Facebook Share on Twitter

Two senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sep. 8, as Congress intensifies its endeavors to regulate this emerging technology.

The plan put forward by Senators Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.) advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal actions.

Related articles

Stablecoin Regulatory Risks

BlackRock Cites Regulatory Risks of USDT and USDC as Concerns in Bitcoin ETF Proposal

November 18, 2023
UK crypto regulation

UK Sets the Stage for Crypto Growth with New Regulatory Framework

November 18, 2023

In a statement on X (formerly known as Twitter), Blumenthal expressed that this bipartisan framework represents a significant step forward—a robust and comprehensive legislative plan for concrete and enforceable AI safeguards. It is expected to be a guide in managing both the potential benefits and risks associated with AI technology.

Hawley emphasized that the principles outlined in this framework should serve as the foundational basis for Congress to take action regarding AI regulation.

“We’ll continue hearings with industry leaders and experts, as well as other conversations and fact-finding to build a coalition of support for legislation.”

The framework proposes the creation of a licensing system overseen by an independent regulatory body. It mandates that AI model developers register with this oversight entity, which would possess the authority to conduct audits of these licensing applicants.

Image of the AI framework.   Source: X

Additionally, the framework suggests that Congress should make it explicit that Section 230 of the Communications Decency Act, which provides legal protections to tech firms for third-party content, does not extend to AI applications. Other sections of the framework advocate for corporate transparency, consumer and child protection, as well as national security safeguards.

Blumenthal and Hawley, who lead the Senate Judiciary Subcommittee on privacy, technology and law, have also revealed plans for a hearing on Tuesday. This hearing will include testimony from prominent figures such as Brad Smith, Vice Chairman and President of Microsoft; William Dally, Chief Scientist and Senior Vice President of Research at NVIDIA; and Woodrow Hartzog, Professor at Boston University School of Law.

Related: Scientists create ‘OpinionGPT’ to explore explicit human bias — and the public can test it

The unveiling of this framework, as well as the accompanying hearing announcement, precedes Senate Majority Leader Chuck Schumer’s AI forum. This forum is set to feature leaders from leading AI firms who will provide lawmakers with insights into the potential advantages and risks associated with AI.

Schumer also introduced an AI framework in June. His framework outlined an extensive range of fundamental principles, as opposed to the more detailed measures proposed by Hawley and Blumenthal.

Magazine: Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express

Share76 Tweet47

Related Posts

Stablecoin Regulatory Risks

BlackRock Cites Regulatory Risks of USDT and USDC as Concerns in Bitcoin ETF Proposal

by Satoshi Nakamoto
November 18, 2023
0

In their recent Bitcoin ETF proposal, BlackRock has highlighted the regulatory risks associated with stablecoins like USDT and USDC. These...

UK crypto regulation

UK Sets the Stage for Crypto Growth with New Regulatory Framework

by Satoshi Nakamoto
November 18, 2023
0

The United Kingdom's Treasury (HMT) has introduced a comprehensive regulatory framework for crypto assets, highlighting its commitment to embracing blockchain...

How might the conviction of Sam Bankman-Fried affect the cryptocurrency market and regulations?

How might the conviction of Sam Bankman-Fried affect the cryptocurrency market and regulations?

by Satoshi Nakamoto
November 17, 2023
0

Sam Bankman-Fried, a prominent figure in the cryptocurrency industry, has recently been convicted of various charges related to his cryptocurrency...

A conceptual image showing a plan for crypto regulation, with a futuristic cityscape, digital skyscrapers, floating cryptocurrency symbols, and diverse individuals around a holographic globe, symbolizing global cooperation and forward-thinking in finance.

Presidential Candidate’s Plan Unveiled: A Comprehensive Approach to Crypto Regulation

by Satoshi Nakamoto
November 17, 2023
0

American citizens are eagerly anticipating the unveiling of the presidential candidate's plan for regulating the crypto industry. With cryptocurrencies becoming...

Ex-FTX engineer testifies he alerted SBF of bug that revealed Alameda liabilities: CNBC Crypto World

by Editorial Team
October 6, 2023
0

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and...

Load More
  • Trending
  • Comments
  • Latest

Is BlackRock Secretly Influencing Bitcoin Price? Here’s the Truth.

September 19, 2023
Crypto casinos: The new ‘Wild West’ hooking gamblers

Crypto casinos: The new ‘Wild West’ hooking gamblers

September 19, 2023

This Week's Crypto Snapshot: TIA and YFI Soar; GAS, TRB, MKR … – Bitcoin.com News

November 17, 2023

Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of … – Bitcoin.com News

November 17, 2023

How to Increase the CRT ?

0

Theme with seo optimization

0

Increase the theme speed by seo optimization

0

Promote the theme by google adsense

0
Germany Bitcoin Price Surge

Germany’s Crypto News Spurs 4.5% Bitcoin Price Surge Amidst Recovery

November 21, 2023
Crypto Market Update

Crypto Market Update: Altcoins Waver as Bitcoin Dominance Hits 51.6%

November 21, 2023
Crypto Funds Inflows

Crypto Funds Gain Traction: Inflows Surge for BTC, ETH, ADA

November 21, 2023
Bitcoin Options Record

Bitcoin Options Boom: Deribit Hits Record $15B Open Interest

November 21, 2023
  • About
  • Contact Us

© 2021 BitcoinPress

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2021 BitcoinPress