regulate ai

As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation's financial watchdog says it's working to ensure that companies follow the law when they're using AI.Already, automated systems and algorithms help determine credit ratings, loan terms, bank account fees, and other aspects of our financial lives. AI also affects hiring, housing and working conditions. Ben Winters, Senior Counsel for the Electronic Privacy Information Center, said a joint statement on enforcement released…

The Biden administration said Tuesday it is seeking public comments on potential accountability measures for artificial intelligence (AI) systems as questions loom about its impact on national security and education. ChatGPT, an AI program that recently grabbed the public's attention for its ability to write answers quickly to a wide range of queries, in particular has attracted U.S. lawmakers' attention as it has grown to be the fastest-growing consumer application in history with more than 100 million monthly active…