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CBS America

AI regulators "don't know what they're doing": Economics professor

CBS America · 7 days ago
CBS America
CBS America
7 days ago

For years, governments have attempted to regulate new, emerging technologies on a global scale. Roland Fryer, a CBS News contributor and author of the Wall Street Journal op-ed "The Economics of Regulating AI," breaks it down.

Breakdown
  • Regulators often do not understand what AI encompasses, complicating regulation. 38s
  • The information gap between AI developers and regulators is a core issue. 44s
  • Current laws focus on paperwork, not on differentiating helpful from harmful AI. 1m 27s
  • Some companies are discarding less-biased algorithms due to regulatory pressures. 1m 53s
  • Fryer suggests incentive-based regulation, offering transparency or strict liability. 2m 50s
Artificial Intelligence