Technological revolutions have hit us for decades, including the boom in televisions, computers, and mobile phones. Currently, the latest hot topic is AI or artificial intelligence. To help you understand the market, the experienced Kiplinger Letters team keeps you up to date on the latest developments (Get a free issue of The Kiplinger Letter or subscribe). Here’s the latest forecast…
As Congress closely monitors the boom in artificial intelligence technology, lawmakers are preparing to draft legislation that addresses transparency, accountability, national security, and other issues posed by new forms of AI. I’m here.
Note Senate Majority Leader Chuck Schumer (D-NY)’s sweeping proposal. The proposal would require companies to allow independent expert review and testing of their AI prior to public release or updates, and to make those results accessible to users.
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Schumer said he’s been working with key industry players for months to develop his plans. Expect refinements in the coming weeks.
AI regulation update from Washington
AI regulation has broad bipartisan support, but consensus can be difficult. Toxic partisanship can become a roadblock as legislative documents are crafted. President Biden has called on Congress to act to ensure the safety of new AI products.
Meanwhile, federal agencies across Washington are working hard on AI.US National Institute of Standards and Technology (opens in new tab) issued non-binding guidelines.US Telecommunications and Information Administration (opens in new tab) Seeking public comment on how best to regulate AI and the Federal Trade Commission. (opens in new tab) (FTC) under investigation for possible regulation. And, of course, the White House announced the “AI Rights Bill.” (opens in new tab)’ Last year, we laid out an important principle.
Will spending more on technology make us more secure?
How do you know smart home technology works and is safe? It often costs a little more to get started.
The super-cheap gadgets you often find online may not work as well or lack the software updates needed to fix bugs or patch security flaws, experts say. . How we store, analyze, or share personal data may not follow best practices. Also, customer service can be lax if you run into problems. Many products have come down in price but still work well.
Look for vendors with a long track record. It is worthwhile to carefully read the terms and agreements of the Security and Privacy Policy.
This prediction first appeared in Kiplinger’s letters. Since 1925, this letter has helped millions of business owners and investors profit by providing reliable business and economic forecasts and what to expect from Washington. rice field. Get a free issue of The Kiplinger Letter or subscribe.
