The Urgency of AI Regulation in Politics.
The Senate hearing on AI regulation was criticized for being too friendly towards industry representatives, who seemed happy to regulate themselves. Critics warn that this could lead to industry capture, harming smaller firms and introducing weak regulations. Some experts suggest that licensing could be effective, but others warn that it could further concentrate power in the hands of a few and stifle innovation. The focus on future harms of AI also avoids talking about current problems, such as bias in facial recognition. Experts suggest that the EU's forthcoming AI Act, which includes clear prohibitions of known and current harmful AI use cases, could serve as a better model for AI regulation.