A thoughtful speech by Governor Brainard of the US Federal Reserve is the counter-argument to the EU AI ethics chief's position; that regulation could hold off for now. After reviewing the increasing uses of AI (particularly machine learning) in financial services, the Governor suggests that regulators are required to consider consequences of the new technology, its risks… Continue reading Point, counterpoint.
Here's the draft AI in Government Act from the US Senate. It proposes the development of a policy lab to ensure that AI (never defined, by the way, as if we all just know what that means) as used by the feds is in the best interest of the public. It asks that the lab bring… Continue reading Run robots, here comes the government.
California has signed a bill into law (see what I did with the headline and the photo?) that makes it "unlawful for any person to use a bot to communicate or interact with another person in California online, with the intent to mislead the other person about its artificial identity for the purpose of knowingly deceiving… Continue reading California seals it.
Here's a summary of proposed legislation by a Senator Greenleaf (see what I did there in the title of this post) and Senator Stewart from the Pennsylvania State Senate. It doesn't seem like the legislation is drafted or publicly available yet. The gist is to be: ... require all risk algorithms or artificial intelligence programs to… Continue reading Turning over a new leaf?
Will this be something? I've written on this blog about the difficulty of not having AI regulation that reaches across borders. Here we have the UK's Financial Conduct Authority proposing to work with other agencies from several states and across five continents on tech regulation including regulation of AI. Seems like it could be an important first… Continue reading The sound of a starter’s gun?
The U.S. Department of the Treasury has released a report delightfully entitled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation. No doubt with a name like that everyone ran to pick up a copy. Well they should because it's pretty good. It covers a lot of ground including some thoughts around… Continue reading A letter from Braavos
A couple of days ago I began a list of principles of AI regulation . I am unashamed to say that most of these are likely to come from other sources. But the second principle I propose is that all AI must fail the Turing Test (which was a clumsy artful way of saying that… Continue reading AI, unmasked