Elon Musk is not boring, but the best Elon-Musk-company name is “The Boring Company” — an actual infrastructure company that attempts to solve traffic problems by digging (i.e., boring) under streets to make tunnels. He has his hand in SO many companies — including a new artificial intelligence company called TruthGPT. This do-everything-all-at-once-even-before-you-know-what-to-do philosophy is being adopted by the federal government in its efforts to regulate artificial intelligence. This week, U.S. Senate Majority Leader Chuck Schumer proposed a potential AI regulatory framework to ensure the security, accountability, and transparency of AI systems. Apparently, he doesn’t need to wait for the response to the U.S. Department of Commerce’s Request for Information that asks what role the federal government should play to ensure AI algorithms are not causing harm or what the FTC meant when officials testified this week that the agency would pursue companies who misuse AI. Maybe the White House’s Blueprint for an AI Bill of Rights is all we need to get the ball rolling. For our part, we are watching the back and forth between the FDA and industry leaders about how to regulate AI in medical devices. We are also well aware that the HHS Office of National Coordinator for Health Information Technology just proposed new rules to increase the transparency and trustworthiness of AI in health care. The federal government seems to be putting its own spin on Elon Musk’s philosophy: “Failure is an option here. If things are not failing, you are not innovating [regulating?] enough.”
April 23, 2023 | 3 min read
April 21, 2023
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