Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

House AI task force chair signals push for legislative measures as election nears

by March 4, 2024
March 4, 2024
House AI task force chair signals push for legislative measures as election nears

Congress might consider new legislation on artificial intelligence and its effect on elections this year, according to the chair of the House of Representatives’ new AI task force.

‘I do hope that we’re going to be able to get started on actually creating and passing some legislation. I think that we’re fortunate that there are some things that are very pressing on AI, but there’s other things that relate to medium-term and long-term threats that don’t need to be acted on immediately,’ Rep. Jay Obernolte, R-Calif., told Fox News Digital in an interview.

‘But those short-term threats, I think we can mitigate those this year and I’m hopeful that the task force – we’ll be able to get that done.’

Asked to elaborate on short-term legislative goals, Obernolte said, ‘We have an election coming up – the use of AI to spread myths and disparate information about candidates, I think, is something we should all be able to agree is not only a bad thing for society, but something that could be a threat to people’s trust in our democracy.’

Bills related to combating AI-generated disinformation have been introduced in this Congress amid a flurry of other legislative proposals, as lawmakers race to get ahead of the rapidly emerging technology. But so far, no measures have garnered significant traction.

Obernolte, who made his career as a video game developer before being elected to Congress, called himself an ‘AI optimist.’

He said it has the power to improve Americans’ everyday lives, like leading to lower grocery and gas prices.

‘Any time that you enhance the productivity of our economy, the natural consequences are that things become less expensive to produce, and that creates a rising wave of prosperity that lifts all the boats. So that’s one of the reasons why AI could be a tremendous force for good,’ Obernolte explained.

The California Republican added that AI development comes with ‘substantial risks,’ including more sophisticated cybercrime efforts, like AI being ‘used by nefarious actors to spread myths and disinformation’ and ‘to pierce through digital data privacy’ to steal people’s information.

‘We say that bad people are going to be bad, and they’re going to be bad more effectively with AI, so AI can be used to enhance the ability of cybercriminals to conduct cyber fraud,’ he said.

The task force came together by way of a bipartisan initiative announced last month by Speaker Mike Johnson, R-La., and House Minority Leader Hakeem Jeffries, D-N.Y. It’s co-chaired by Obernolte’s fellow Californian, Rep. Ted Lieu, a Democrat. 

Obernolte said the main focus of his task force would be creating a comprehensive report with recommendations on the next steps in terms of Congress’ role in AI. However, he stressed that legislation should be the end goal to provide long-term stability to the new industry.

‘It does no one any good if we just talk about it, or if we have just have meetings, or if we just create reports. We need to actually pass things, and whatever we pass, I think the number one goal is it has to be durable,’ he said.

‘These companies are making investments of currently hundreds of millions of dollars to train these large language models. And in the future, that price is going to go up exponentially. So, no one is going to make that kind of capital investment if they don’t have some durability, if they don’t have some assurance that the rules aren’t going to change every time the winds of political power shift.’

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
5 Top Weekly TSXV Stocks: Sandfire Resources Gains 260 Percent on Court Win
next post
DP Trading Room: MUST SEE GOLD CHARTS!

Related Posts

Dem congressman won’t rule out 2024 challenge to...

September 26, 2023

Top Ivy League school hosts Chinese official who...

November 30, 2023

Sen. Peter Welch says Israel ground invasion would...

October 24, 2023

WATCH: Fox News Digital focus group reacts to...

June 29, 2024

McCarthy signals House could soon vote on short-term...

September 27, 2023

Oklahoma Legislature overrides Stitt veto, upholds tribal tobacco...

August 1, 2023

Trump: Biden ‘doesn’t understand what he’s doing’ during...

July 24, 2023

Pelosi says she’s running because she ‘needed to...

September 10, 2023

Trump wins big by letting Biden be Biden

June 28, 2024

Marjorie Taylor Greene moves to censure Rashida Tlaib...

October 27, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved