US Chamber of Commerce commission wants ethical use of AI

US Chamber of Commerce commission wants ethical use of AI

Washington, March 15, 2023

A US Chamber of Commerce commission has urged lawmakers to create regulations for AI technology to ensure it is used in a responsible and ethical manner.

The Chamber of Commerce’s AI Competitiveness, Inclusion and Innovation Commission released a report stating that sooner or later a „risk-based regulatory framework“ will be needed as AI systems are developed and deployed at an exponential rate.

According to the report, AI will contribute an estimated $13 trillion to global economic growth by 2030.

Against this background, policy makers should ensure that AI programmers adhere to “well thought-out laws and rules” and observe ethical principles when developing products.

It has also argued that „any failure to regulate AI will hurt the economy, potentially harm individuals‘ rights and limit the development and adoption of useful technology“.

Established in 2022, the commission will be chaired by former U.S. Reps. John Delaney (D-Md.) and Mike Ferguson (R-N.J.). The results were based on hearings with more than 85 experts and written feedback from stakeholders.