On May 25, the president of Microsoft, Brad Smith, issued a report calling for the authority to fast-track the formulation of artificial intelligence (AI) regulations. Presenting at a panel discussion held in Washington D.C, Smith requested that the government move quickly to implement crypto rules.
A report captured by the New York Times revealed that several policymakers participated in the Thursday panel discussion. Per the report, Smith joins numerous tech experts who have issued proposals on government regulation of the AI sector.
Recently, regulators have launched an investigation into AI due to generative AI tools’ high adoption and popularity. The regulator’s implicit move to reign in the AI sector has resulted in the implementation of prohibitive measures in some regions.
Review of Brad Smith’s Proposal
The regulatory agencies have expressed concerns that the high adoption of AI will lead to unemployment, discrimination, and a high crime rate. The Washington regulators have vowed to be more keen in identifying bad players using AI to exploit the public and contravene the law.
In November last year, the American AI research firm OpenAI launched a unique chatbot ChatGPT. Since then, ChatGPT has experienced high adoption in both retail and institutional sectors.
A generative AI tool is an advanced AI system capable of issuing timely responses and generating relevant media files such as images, texts, and videos. The need to satisfy the customer’s needs challenged tech firms to invest in developing generative AI tools.
It was observed that the race to dominate the tech space inspired Google, OpenAI, Microsoft, and Midjourney to create their image-generative tools.
Despite the benefits garnered from generative AI platforms, it was reported that most developers failed to analyze the risk of these technologies. In a separate writing, Warren Buffet and Twitter boss Elon Musk have mentioned the risk related to the use of AI.
Advantages and Disadvantages of Artificial Intelligence
Afterward, the chief executive of OpenAI, Sam Altman, revealed the potential dangers of adopting generative AI tools. A few days ago, staff at the writers guild of America (WGA) protested against using productive AI tools.
The WGA officials expressed their concern that AI was capable of replacing human potential.Commenting on the WGA findings, a famous video game developer lamented that the growing adoption of AI had inspired most gaming studios to invest heavily in AI. The developer blamed the AI development firms for exposing human writers to the risk of losing their jobs.
In the latter part of Smith’s proposals, he urged the government to adopt new regulations for AI. He suggested that AI developers be licensed before further developing artificial intelligence technology.
Smith proposed that firms operating in high-risk AI technologies comply with the licensing requirements. He added that tech companies should take full responsibility for controlling AI technology.
Smith urged businesses to support the authority in addressing the social implication of AI. He mentioned that firms in the tech sector must inform the management before engaging in the development of AI technology.
Microsoft’s Contribution to AI Development
Even though the firm will be licensed, Smith outlined the need to update the government on the project’s progress for monitoring and evaluation purposes. In his concluding remarks, Smith stated that Microsoft will provide secure integration of AI technology.
He stated that the Microsoft team plans to invest more than $13 billion to improve the functionality of the Bing web browser. Besides investing in developing the chatbot, the Microsoft team launched a security copilot by incorporating tools crucial in addressing cyber crimes. The security copilot enables tech firms to utilize big data technology to identify cyber threats.
In a previous report, the CEO of OpenAI, Sam Altman, had urged the authority to create a regulatory agency for monitoring AI activities. In his proposal, Altman outlined the duties of the new agency, including licensing, supervising, and enforcing compliance measures for AI.The new agency can revoke the AI license if the company engages in unlawful activities.