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US House Committee hears housing and finance industry views on AI legislation

CoinGeek LogoCoinGeek13h ago

US House Committee hears housing and finance industry views on AI legislation - CoinGeek

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The post US House Committee hears housing and finance industry views on AI legislation appeared first on CoinGeek.

In her prepared remarks, she cautioned that “other nations are significantly stepping up their efforts by building the infrastructure needed to spur AI innovations.The U.S.is behind the curve, and in some cases playing catch-up to other nations.In order to put the U.S.back at the forefront of technological development, Rice said “it is imperative that the U.S.continue to lead the world in establishing policies and frameworks to advance technological innovations while ensuring these systems are fair, safe, transparent, explainable, and reliable.

In terms of his recommendations for AI oversight, Zecca argued to leverage existing regulations and regulatory structures, where possible.“New regulation should be risk-based and proportionate, meaning that it should focus on the potential outcomes in terms of benefits, risks and harms of the AI applications, rather than on the specific technologies or methods,” said Zecca.


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Article Details

Author / Journalist: James Field

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 05:00:05 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 2046 words

Reading Time: 12 minutes read

Sentences: 51 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21848688

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News Last Updated: 15 hours ago

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