US Senate's Schumer: AI regulations needed but should not be rushed

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US Senate's Schumer: AI regulations needed but should not be rushed
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By Kanishka Singh WASHINGTON (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday said that while regulations on artificial intelligence ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWASHINGTON - U.S. Senate Majority Leader Chuck Schumer on Wednesday said that while regulations on artificial intelligence were certainly needed, they should not be made"too fast."Several governments are considering how to mitigate the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months after the release of OpenAI's ChatGPT.

U.S. lawmakers want safeguards against potentially dangerous deepfakes such as bogus videos, election interference and attacks on critical infrastructure."If you go too fast, you can ruin things," Schumer told reporters after organizing a closed-door AI forum bringing together U.S. lawmakers and tech CEOs. The European Union went"too fast," he added.

* Subsequently, an open letter signed by more than 160 executives at companies ranging from Renault to Meta, said the proposed EU AI legislation would jeopardise Europe's competitiveness and technological sovereignty.

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