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U.S. regulators warn they already have the power to go after A.I. bias — and they're ready to use it - TL;DR CNBC

U.S. regulators warn they already have the power to go after A.I. bias — and they're ready to use it

Publishing timestamp: 2023-04-25 13:22:30


Summary

Four federal U.S. agencies - Consumer Financial Protection Bureau, Department of Justice, Equal Employment Opportunity Commission, and Federal Trade Commission - have issued a warning that they already have the authority to tackle harms caused by artificial intelligence bias and plan to use it. The warning comes as Congress is grappling with how it should take action to protect Americans from potential risks stemming from AI. The article discusses how existing laws would allow regulators to take action against companies for their use of AI, but also acknowledges that there is room for Congress to act. The article also highlights some of the ways in which AI can result in discrimination, such as digital redlining and biased hiring practices, and how regulators plan to combat these issues.


Sentiment: MIXED

Tickers: META

Keywords: mobilemeta platforms inccivil rights violationsbreaking news: technologypoliticsbusiness newstechnologyhuman rights and civil libertiessocial mediaunited statesbreaking news: politicsproducts and services

Source: https://www.cnbc.com/2023/04/25/us-regulators-warn-they-already-have-the-power-to-go-after-ai-bias.html


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