- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-05-19T20:27:00
It is a good idea to regulate artificial intelligence (AI) programs like ChatGPT, the chief executive officer of the popular chatbot’s developer told lawmakers Tuesday.
Companies creating powerful AI should be required to follow safety mandates that include internal and independent testing before being released, said Sam Altman, CEO of OpenAI, before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law. Lawmakers held the hearing to explore what rules and guidance might be needed to help regulate chatbots like the one OpenAI created.
ChatGPT can answer questions on thousands of topics and help write prose, computer code, school papers, and even legal documents. It has raised concerns worldwide for its potential to be abused and is now more accessible after launching on Apple iOS on Thursday.
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Federal lawmakers shined a spotlight on artificial intelligence this week, raising the possibility that Congress will—eventually—legislate some controls on the burgeoning technology should middle ground be found.
The Federal Trade Commission sent to ChatGPT developer OpenAI a list of questions seeking clarity on how the company monitors, collects, and retains user personal information and ensures control over its popular artificial intelligence chatbot.
Not all companies can rely on bans or restrictions to employee use of generative artificial intelligence like ChatGPT. Instead of telling people what they can’t do, focus on what they can do.
President-elect Donald Trump appeared to strengthen his ties to the crypto industry when he nominated a popular crypto advocate, Patomak Global Partners founder Paul Atkins, to be the next chairman of the Securities and Exchange Commission.
Data brokers have been getting away with selling Americans’ personal and financial data without adequate protections, an illegal practice that a new rule proposed by the Consumer Financial Protection Bureau will intend to stop, CFPB Director Rohit Chopra said.
In striking down penalties against cryptocurrency mixer Tornado Cash for violating U.S. sanctions, a federal appeals court may have started to chip away at anti-money laundering regulations established by Democrats even before President-elect Donald Trump takes office.
