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
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